- Virospack is the second investment from the Growth III fund
- Virospack, headquartered in Barcelona, Spain
- Investindustrial is a European investment firm
Investindustrial has agreed to acquire 51 percent of Virospack, a cosmetics dropper manufacturer.
Virospack is the second investment from the Investindustrial Growth III fund.
“Investindustrial’s investment in Virospack is part of a strategy to invest a relevant amount of the firm’s latest €1.1 billion growth fund – raised earlier this year – in Iberian companies to support their growth and, in particular, to accelerate their globalisation,” said Andrea C Bonomi, chairman of the industrial advisory board at Investindustrial.
This transaction follows its investment in Guala Closures.
Virospack develops cosmetics dropper packs for skincare, hair, nails and liquid make-up. The company’s export sales are over 90 percent of total annualised revenues of around €60 million. It is based in Barcelona, Spain.
Investindustrial is a European group of independently managed investment, holding and advisory companies with €13 billion of raised fund capital. It is based in London.
Investindustrial was advised by Bain (commercial), ERM (ESG), Freshfields (tax), Kearney (operations), PwC (financial, tax and IT), Uría Menéndez (legal and labour) and WTW (insurance).