H.I.G. Capital Sells Italian Beauty Platform Pinalli to Borletti Group
Investment firm H.I.G. Capital has sold its portfolio company Pinalli, an Italian beauty and personal care platform, to Borletti Group. The transaction is expected to support Pinalli's continued growth.
H.I.G. Capital announced on October 1, 2026, that one of its affiliates has completed the sale of its portfolio company, Pinalli S.r.l., to Borletti Group. Pinalli operates as a beauty and personal care platform in Italy.
Borletti Group, a private investment group with expertise in retail and consumer goods, is expected to guide Pinalli's next phase of development. Since H.I.G. Capital's investment in 2023, Pinalli expanded its store network from 63 to 108 locations, scaled its e-commerce operations, and introduced private-label products. The company also focused on enhancing the customer experience through a revamped store format.
Founded in 1984, Pinalli reported revenues of €197 million in 2025. The company maintains a loyalty program with over one million members.
H.I.G. Capital stated its confidence in Borletti Group as the right partner for Pinalli's future growth. Borletti Group intends to continue investing in network expansion, digital capabilities, and customer experience improvements.