Gamma Croma

Fineurop Soditic acted as exclusive financial adviser to Industria & Finanza SGR S.p.A. and Recos S.A. in the sale of a 100% stake of Gamma Croma S.p.A.. The Acquirers have been Cape Natixis Due (private equity fund managed by Cape Natexis SGR) and Progressio Sgr S.p.A. (Progressio Investimenti). Founded in 1984 by Mr. Renato Ancorotti, Gamma Croma S.p.A. is one of the leading formulators and contract manufacturers of colour cosmetics worldwide. The Company is based in Vaiano Cremasco (Cremona) in the make up district consisting of about 90 companies. Gamma Croma is expected to be merged with Clavis, company acquired by Cape in 2006. Through this transaction Gamma Croma will strengthen its position of second leading player in the Italian make up market. Gamma Croma’s sales have grown at a CAGR of 7.4% during the last 3 years, reaching sales Euro 45.5 million in 2007.