The Equity Club (Tec) is all set to create a new Italian Cosmetics Hub. Founded 4 years ago by Mediobanca private banking, Tec has announced they will be investing in Hsa (Hair Styling Applications), a well-known professional haircare and skincare manufacturer.
Founded by the Zanzi Family 40 years ago, Hsa Cosmetics has its production plants near Varese (Lombardy). With a turnover of about €40 Million of which 90% comes from exports, 180 workers and distribution in 70 countries, it is one of the most promising enterprises in the Italian cosmetics industry.
President and CEO, Stefano Zanzi, has designed a new path for the company which will lead to the creation of a new cosmetics hub. This will also extend the business into make-up and selective perfumes.
Following a scheme already successful in many acquisitions of outstanding Italian companies, Tec has invited some affluent Italian families with conspicuous capitals to invest.
Some famous names have joined the financial operation, real industrial dynasties like Branca, Doria, Marzotto, Veronesi and Renzo Rosso, founder of Diesel). These families together with Mediobanca are going to invest some €30 Million to acquire 60% of Hsa Cosmetics.
The Zanzi Famly will retain a significant share of the company as well as managerial positions.
This represents the first operation in which Mediobanca’s initiative has led to the acquisition of the majority share in an Italian company.
Hsa will co-operate with Tec Beauty to accelerate their growth on a global scale in accordance with some clear strategies:
– Increase in the range of products on offer;
– Increase penetration in some key markets like China and the USA;
– Co-operate with the quickly growing community of independent brands;
– Support the expansion of owned brands.
“We are pleased to be co-operating with TEC Beauty and its management team and to announce a new phase in the history of our company.” says Stefano Zanzi, President and CEO of Hsa Cosmetics. “This operation gives us the chance to upgrade the quality of our products and will make us more visible in the international markets. My brother Davide and I will still be completely committed to the company, keeping our managerial roles, while providing continuity in the history and coherent development of our company that is already 40 years old.”
Gianmarco Gandolfi is senior partner at Tec and will be on the new company board together with Roberto Ferraresi.
“Thanks to its know-how, Northern Italy is one of the most important cosmetics production hubs worldwide,” he adds. “Hair Styling Applications is the flagship in this panorama, particularly inside the haircare sector. We are grateful for the trust Stefano and Davide has put in us and we cannot wait to start working together”.
