Three Hills acquires La Bottega stake
Three Hills is a multi-strategy asset manager focused on high-growth and entrepreneur-led Businesses in the European middle market
La Bottega Group, a luxury amenities company, has revealed that Three Hills has acquired a stake in the company from The Equity Club who initially invested in La Bottega in May 2019.
As a result La Bottega has secured a €115m (£98m) investment from Three Hills through a combination of preferred capital and equity.
Additionally, one of the world’s largest sovereign wealth funds, already an investor in the Three Hills platform, has joined as a co-investor.
La Bottega Group has established itself as a provider of luxury amenities for the upscale hospitality market, operating brands such as Dyptique, Etro, Culti, and Santa Maria Novella.
It has a diverse portfolio of approximately 10,000 clients, including renowned establishments like Four Seasons, Ritz-Carlton, and Mandarin Oriental.
Mauro Moretti, founder and CEO at Three Hills, said: “Three Hills has always focused on Italian entrepreneurs capable of building unique businesses globally and who are looking for an international platform like ours to continue to grow.
“Tommaso and his team represent exactly this, and we are very happy to begin this journey together in a sector that is undergoing consolidation, while providing the tools and financial resources to enable the company to continue the ambitious growth of recent years both in its core business and through acquisitions.”
Tommaso Pacini of La Bottega, added: “A sincere thank you to Roberto Ferraresi and Gianmarco Gandolfi, who have accompanied me through these very important years for the Company. I am proud that Three Hills has recognised that La Bottega is a high-quality business with significant growth potential, and this investment represents an exciting and progressive step for the Company.
“Three Hills has consistently demonstrated its innovative thinking and deep sector knowledge throughout. These attributes convinced us that they were the right partner for us. Through this next phase, we will continue to seek new M&A opportunities, improve existing operations, and drive customer-focused innovation in line with what La Bottega has historically delivered.”
Three Hills is a multi-strategy asset manager focused on high-growth and entrepreneur-led
Businesses in the European middle market.
