Ardian sells ADA International to Moonlake Capital

Ardian, a world-leading private investment house, announced that it has entered into an agreement with Moonlake Capital to sell ADA Cosmetics Holding GmbH, Europe’s leading manufacturer of high-quality hotel cosmetics. The management team will remain shareholders of the company. Financial terms will not be disclosed. Philip Wack, Managing Partner of Moonlake Capital, said: “ADA International is a leading player in the highly attractive and resilient niche market of hotel cosmetics. We look forward to partnering with the management team led by Wilhelm B. Könning to support the business in its further growth ambitions.”