ADA Cosmetics further financing acquisitionCorporate News -
Europe’s leading manufacturer of premium hotel cosmetics, ADA Cosmetics, has secured an additional senior debt package to support its acquisition of Pacific Direct, the UK’s biggest provider of luxury skin care products for hotels around the world.
NIBC acted as mandated lead arranger in a club of banks with Commerzbank and DZ Bank to support this add-on financing – the second for ADA Cosmetics in four months.
This latest transaction is testimony to NIBC’s continued support of the efforts being made by independent private investment company Ardian to turn ADA Cosmetics into a strong global player in the market for high-end hotel cosmetics.
With one third of Pacific Direct sales coming from Asia and the Middle East and over one fifth from the US, the acquisition of this luxury cosmetics supplier from UK-based investment firm Primary Capital will boost ADA Cosmetics’ global presence.