Ardian-backed ADA Cosmetics Buys Scandinavian Amenities
April 23, 2015
Ardian-backed ADA Cosmetics has acquired Scandinavian Amenities, a provider of hotel cosmetics for the Scandinavian market. Founded in 1986, the company's business model comprises product development and design, as well as marketing, sales and logistics with its products being sold in patented dispenser and pump systems across 25 countries. Ardian purchased ADA in July via its Expansion Fund III, which closed last year on €500 million.