By  on October 21, 2019

MILAN — Nuo Capital has acquired a 30 percent stake in the Ludovico Martelli company, which is controlled by the namesake family and operates the men’s grooming brand Proraso and toothpaste label Marvis, among others. The value of the deal amounted to 50 million euros, which were injected via capital increase.

An investment vehicle backed by Hong Kong’s Pao Cheng family and helmed by Stephen Cheng, Nuo Capital will support the growth of Ludovico Martelli’s portfolio internationally, with particular focus in Asia thanks to its strong network of private and institutional relationships in the Far East.

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