H.I.G. Capital has completed the sale of its portfolio company Pinalli to Borletti Group. Pinalli, founded in 1984 in Fiorenzuola d’Arda, Italy, operates 108 beauty stores and an e-commerce platform, and has more than one million loyalty-program members. Since H.I.G. acquired a majority stake in February 2023, the company expanded its store network, rebranded, broadened its product assortment, launched a private-label range, and upgraded its physical and digital customer experience. Pinalli generated €197 million in revenue in 2025. Borletti said it plans to support further investment in network expansion, digital capabilities and customer experience.