TDR Capital completed the acquisition of Acqua & Sapone from HIG Capital for €2bn.

TDR Capital, a private equity firm, completed the acquisition of Acqua & Sapone, a non-food discount retail brand, from HIG Capital, a global alternative investment firm, for €2bn. “Acqua & Sapone has been a great investment for HIG Working in partnership with the Barbarossa family, the Company has more than doubled its earnings and cemented its position as Italy’s leading non-food discount retailer. We are proud of the outstanding performance of the management team, and we look forward to continuing to support the business in its next chapter alongside TDR," Stefano Giambelli, HIG Managing Director.