Alantra advises Migros on the sale of Mibelle Group to Persán, creating a leading global innovation-focused CDMO and branded company

Mar 2025

Sell-side advisory

Zurich, London, New York –  Alantra has acted as financial advisor to the Swiss retailer Migros on the sale of Mibelle Group to Persán, a leading European home and personal care player. The combined entity will be one of the world’s largest innovation-led manufacturing companies, with more than 3,000 employees and a turnover exceeding €1bn.

Mibelle Group operates in the Personal Care & Beauty, Home Care, and Nutrition segments. It contains a globally acclaimed Biochemistry division based in Switzerland, manufacturing facilities in Switzerland, France and the UK, and a vertically integrated branded business focused on tanning, body and hair care in the U.S., employing a total of approximately 1,400 people.

The acquisition of the Mibelle Group represents a historic milestone in Persán’s international expansion. The Andalusian company, which has more than 2,000 employees and three plants in Seville (Spain), Wróblowice (Poland), and Saint-Vulbas (France), will take over all Mibelle Group employees and facilities in Switzerland, France, the United Kingdom, the Netherlands, the U.S., and Australia.

Michael Maag, Managing Partner at at Alantra Switzerland, said: “This transaction builds on our strong relationship with Migros and the previous work on the sale of Gowoonsesang to L’Oréal. We are very pleased to have found an excellent partner for Mibelle Group in Persán. The deal positions the combined business as one of the world’s leading innovation-focused manufacturing companies.”

Matt Wiseman, Managing Partner at Alantra UK, added: “This transaction is a great example of Alantra’s cross-office collaboration, leveraging our deep sector expertise and extensive network. The combined efforts of our Swiss, UK and U.S. teams and the knowledge across ingredients, CDMO’s and brands ensured a successful outcome, reinforcing our track record in the consumer goods and health & beauty sectors.”

Migros is Switzerland’s largest retailer, spanning grocery and non-food retail, financial services, and healthcare, reflecting a strong commitment to quality, innovation, and sustainability.

This transaction further underscores Alantra’s role as trusted advisor to Migros.