H.I.G. Capital Sells Pinalli to Borletti Group
H.I.G. Capital has completed the sale of its portfolio company, Pinalli S.r.l., Italy's leading omnichannel Beauty & Personal Care platform, to Borletti Group. Since H.I.G.'s investment in February 2023, Pinalli expanded from 63 to 108 stores and significantly enhanced its e-commerce capabilities while launching private-label products and a loyalty program with over one million members. Raffaele Legnani of H.I.G. praised the management team's efforts during their partnership and expressed confidence in Borletti Group as Pinalli’s next strategic partner. Raffaele Rossetti, CEO of Pinalli, highlighted that objectives were met ahead of schedule due to strong collaboration with H.I.G., while Maurizio Borletti emphasized his group's commitment to supporting further growth through network expansion and digital innovation. In 2025, Pinalli generated €197 million in revenue. The transaction reflects a strategic shift for the company as it enters a new phase under its new ownership.
Topics: acquisition beauty and personal care private equity retail