Three Hills completes investment in La Bottega Group

Three Hills is delighted to announce that its recent vintage, Three Hills Capital Solutions IV (“THCS IV”), has successfully closed its seventh transaction with the investment in La Bottega Group (“La Bottega”), a leading supplier and manufacturer of amenities in the luxury and high-end hospitality market. As a reminder, this transaction sees THCS IV invest €62.4 million of preferred capital into the business, with a further €50.0 million syndicated to a strategic co-investor. The investment will support the entrepreneur and wider management team in executing their ambitious growth plans, which are centred on further international expansion through organic initiatives and M&A. It also allows the entrepreneur to acquire a majority position in the company by enabling the exit of a prior investor.

As a brief update, Three Hills is currently in the process of executing its 100-day plan and value creation initiatives, including strengthening the organisation through strategic hires, enhancing the product offering, and driving growth by entering new geographies and M&A. In this context, Three Hills is on track to close a further add-on acquisition in the coming weeks, which involves a leading designer, producer and distributor of dry amenities headquartered in Hong Kong. This strategic acquisition will allow La Bottega to generate significant synergies in the dry amenities sector. La Bottega has several other promising M&A opportunities in the pipeline.

The Three Hills team is excited about the journey ahead and looks forward to sharing further updates as it achieves these milestones with La Bottega.