The group Kiko returns entirely to the hands of the family Percassi. The private equity fund Peninsula Capital has in fact sold its share package, equal to approximately 40% of the capital of the Italian cosmetics company, to Antonio Percassi.
Kiko: Percassi returns to 100%
The news was revealed by Sun 24 Hours, according to which Antonio Percassi, after having sold a stake in Atalanta, bought 40% of Kiko from Peninunsa, rising to 100% of the company. The Private Equity fund had become a partner of Kiko four years ago, during a complex restructuring of the group.
In detail, from the sale of a large share of theAtalanta Football, Percassi reportedly made about 275 million euros. Money that would have been reinvested in the purchase of 40% of Kiko, thus reaching total control of the company.
According to the business newspaper, once the buyback operation is completed, the Percassi family could aim for the quotation by Kiko in Piazza Affari. To date, the group has a turnover of over 750 million euros, but the goal is to rise above one billion. “An interest from industrial players cannot be ruled out, as has already happened in the past with the transalpine multinational L'Oréal”.
