Ethica Group, with the Debt Advisory team, assisted GA.MA., a leading group in the professional haircare segment, in the structuring of a long-term bank loan, partially backed by a SACE guarantee, provided by Illimity bank.
Founded in the 1960s and led for over 20 years by Carlos Ceva and his brothers, GA.MA. is today a relevant global player in the professional haircare technology market, based in Bologna and active in over 50 countries with a strong presence in Latin America through its direct subsidiaries.
GA.MA. markets over 200 product classes all over the world, partly manufactured in proprietary factories and research centers in Italy and Brazil. In addition to electronic equipment for professional hairdressers and beauty salons all over the world, GA.MA. controls over 50 stores in South America, intended for the distribution of own brand or third party products for which GA.MA. is the exclusive distributor.
The Illimity loan will provide additional resources to strengthen its operations, especially in Italy, following the set up of the new plant in Gossolengo (Piacenza), which will be dedicated in particular to the construction of high-tech and digital motors applied to last generation hair dryers.