Pool Service S.p.A. has acquired 100% of Medavita S.p.A., enhancing its market position in the professional hair care sector in Italy.

Target Information

Pool Service S.p.A., based in Cairate (VA), specializes in manufacturing professional hair care products. The company has been under the investment of GATE Fund since December 2012, following a co-investment deal with private equity firm Accord Management, which acquired 80% of Pool Service S.p.A. As of 2014, the company reported approximately €21.5 million in revenue, with an EBITDA margin of about 16.8%.

The newly acquired target, Medavita S.p.A., headquartered in Milan with production facilities in Opera (MI), also operates in the professional hair care sector. Medavita distributes its proprietary products to over 5,400 hairdressers and achieved a stable revenue of around €10.1 million in 2014, maintaining a similar performance over the past three years. The company generated an EBITDA of approximately €2 million during the same period.

Industry Overview

The hair care industry in Italy has shown robust growth, driven largely by increasing consumer spending on professional beauty products. Italian consumers prioritize quality and are inclined to invest in salon services,