L-GAM has entered a strategic partnership with Ancorotti Cosmetics Srl, the leading global manufacturer of mascara and other color cosmetics, to enable a new phase of growth and expansion. The new partnership targets a greater presence in international markets, a broader product offering for customers, and value-added acquisitions to complement Ancorotti’s existing operations.
Renato Ancorotti, the founder, CEO, and Chairman of Ancorotti Cosmetics, and his daughter Enrica Monica, Vice-President and Co-Director, who together led Ancorotti from its beginnings over a decade ago to its market leading position today, achieving an annual turnover of over €100m, will retain all titles and continue to lead the company throughout the period ahead.
Ancorotti was founded in 2009 by Renato and Enrica Monica Ancorotti and is globally recognized for its quality, development capabilities, and innovation in the field of third-party cosmetics manufacturing. Ancorotti serves over 300 international customers, including some of the fastest-growing and most exciting brands in the market today, generating over 85% of its sales outside of Italy. Ancorotti employs more than 300 employees at its plant in Crema, 65% of whom are women.
L-GAM is a long-term oriented investment company with capital commitments in excess of €1 billion. L-GAM was established in 2013 with the backing of the Liechtenstein Princely Family and several families from Europe, Asia and the USA. Its unique and differentiated business model is based on a long-term investment focus and a flexible mandate to provide investment solutions throughout the capital structure. L-GAM focuses on partnering with management teams in small and medium sized companies across Europe. L-GAM has most recently invested in Woolrich and Centro Medico Santagostino in Italy, and Vinvention and Amplitude Laser abroad.
In the transaction, L-GAM was assisted by Fineurop Soditic as M&A advisor, New Deal Advisors as financial advisor, LMS as legal advisor, Chrea and Maisto Associates as tax advisors, and REAAS as technical advisor for environmental due diligence.
The Ancorotti family and Helga Fiori were assisted by Movent Capital Advisors as M&A and financial advisor, Orrick as legal advisor, and Lexis and Sat-Tax as tax advisors.