Virginio Cassina Srl, a private investor, acquired a minority stake in Valetudo, a company specialising in the production and distribution of cosmetic and pharmacosmetic products.
The deal essentially aims to develop Valetudo’s growth potential thanks to the managerial support of Virginio Cassina, who has over 30 years of experience in the management of the family business (specialized in the production of plastic drums and tanks), transforming it from a small family-run business to an important reality in the international field, before selling it to an American multinational. In Valetudo, Virginio Cassina will be Strategic Planning and Control Director.
Under the guidance of the founder, the chemist and cosmetologist Vittorino Bortolin, Valetudo has been involved for over 30 years in scientific and formulistic research aimed primarily at the wellbeing of the skin and has sustained over the years continuous growth and progressive scientific and technological advancement, leading it to be well known on the national and international scene. Valetudo is present on the market with its own brands, of which Biogena and Histomer are the main ones, as well as producing on behalf of third parties for some major European cosmetics brands. In 2019 the company, with headquarters and production plants in the province of Bergamo, generated a turnover of approximately 18 million Euro.
Virginio Cassina was assisted by K Finance (Clairfield Italy) as financial advisor and by TALEA – Tax Legal Advisory for the legal aspects. BDO was entrusted with financial and tax due diligence. Valetudo was assisted by EY as financial advisor and by the law firm CDR – Cattaneo Dall’Olio, Rho & Partners that followed the fiscal part as well as the vendor due diligence.