Alentta advises Pelostop on the investment of Three Hills Capital Partners

Alentta advises Pelostop on the investment of Three Hills Capital Partners

Three Hills Capital Partners ("THCP") has announced its first operation in Spain, consisting of an investment of 15 million euros in Pelostop, a leading company in laser hair removal services based in Barcelona. The operation has been financed by 80% through the second fund of THCP and 20% by an investment of Es Vedrá Capital Advisors ("EVCA"). The investment is carried out through a loan of 12.1 million euros and a capital investment of 2.9 million euros, to acquire a total participation of 12% in the company. The contributed capital allows the departure of minority partners, as well as reinforcing Pelostop's resources to implement its expansion plan. Created in 2005, Pelostop is a leading chain specializing in laser hair removal in the Spanish market, where it manages 57 own centers mainly in street locations, including centers in Madrid, Barcelona and Sevilla. Since its inception, the company has served more than 110,000 customers, which has made it one of the largest laser hair removal chains in the country. Montalbán Atlas Capital has acted as an exclusive financial advisor to Pelostop in the operation. As legal advisors to the operation have participated Cuatrecasas, representing Three Hills Capital Partners and Es Vedra Capital Advisors, and Alentta Abogados, representing Pelostop. E&Y has acted as Pelostop's advisor in the commercial, financial and fiscal due diligence process. This relevant operation has been collected by national and international media. For more information please visit: http://capital-riesgo.es/es/articles/el-fondo-three-hills-invierte-quince-millones-en-la-cadena-pelostop-/http://www.ascri.org/fondo-three-hills-entra-pelostop http://www.thcp.eu/news/ Three-hills-capital-partners-enters-Spanish-market-pelostop-deal http://www.privateequitywire.co.uk/2016/12/21/247023/thcp-makes-first-spanish-investment http://montalbanatlas.com/wp-content/uploads/2016/12/2016-12-20- Un-fund-British-invest-fifteen-million-in-the-chain-Pelostop-Expansión. pdf

 

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