About the transaction
BlueBull, the financial advisory firm specialized in M&A transactions for technology and high-growth companies, acted as exclusive advisor to LICO Cosmetics and its shareholders on the investment by Vecta Partners.
The transaction brings Vecta Partners in as a partner of LICO Cosmetics, with the goal of supporting the company in its next stage of growth. Vecta’s investment will accelerate the brand’s international expansion, broaden its portfolio of dermocosmetic products and strengthen its operational capabilities, while preserving the essence and positioning that have defined LICO since its founding. The transaction also represents the first investment by Vecta’s Operational Value fund, which focuses on mid-market companies with strong potential. LICO’s founders will reinvest alongside Vecta in the company, ensuring continuity for the project in this new stage.
Vecta will contribute its experience in the Personal Care and cosmetics sector, as well as in internationalization and business transformation processes, working alongside the management team to execute LICO’s growth plan.
BlueBull has supported LICO Cosmetics and its shareholders throughout the entire process, from the preparation and structuring of the transaction to its negotiation and closing, identifying Vecta Partners as the right partner to support the management team in this new stage.
LICO Cosmetics is a dermocosmetics company based in Seville, founded in 2019 by Estefanía Ferrer and Juan Sabaté, specialized in developing high value-added products with a strong R&D component.
The company offers a range of facial, body and hair products, developed to meet specific consumer needs and defined by their scientific approach, innovation and proven effectiveness.
Since its founding, LICO has built a strong position in the Spanish market, relying mainly on a digital sales model and a highly loyal customer community. In 2025, the company surpassed €14 million in sales, establishing itself as one of Spain’s leading digital brands.
>€14M
2025 Revenue
Vecta Partners is a Spanish private equity firm specializing in mid-market companies in Iberia, with a strategy centered on “Operational Value,” combining investment and operational capability to drive the growth and transformation of its portfolio companies.
The firm is made up of nearly 40 professionals and has a team with extensive experience in investment, business transformation and company internationalization, including a long track record at Sherpa Capital.
In 2026, Vecta successfully closed its first fund of €260 million, with LICO Cosmetics as the first investment made through this vehicle.
€260M
Firts propietary found
+40
Professionals
1a
Fund Investment
"It has been a real pleasure working with BlueBull in the search for a partner to accompany us in our next stage of growth. Their market knowledge, their relationships with private equity funds, and their strategic advice were key throughout the entire process"
Estefanía Ferrer
Cofounder & CEO
Juan Sabaté
Cofounder
BlueBull is the leading tech investment bank in Southern Europe, specialized in advising technology and high-growth companies on M&A transactions and fundraising.
More information
Joaquín Durán
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Francesco Crovace
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Daniel Alcusa
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Tech transactions advised
+35
Tech-focused investment banking professionals
We contribute to the growth of the digital economy advising entrepreneurs, corporates, and institutional investors on M&A and fundraising transactions.
