Vecta backs Spanish dermocosmetics firm LiCO after €14M sales year
What's the deal? Madrid-based private equity firm Vecta Partners has invested in LiCO CosmeticsDealroom has a profile for this one. Try Dealroom →, a Spanish dermocosmetics company, in a growth equity deal announced in September 2026. Vecta led the transaction. Terms were not disclosed.
What does LiCO do? Founded in 2019 by Estefanía Ferrer and Juan Sabaté, LiCO — short for Laboratorio de Ingeniería Cosmética — makes facial, body, and hair products built around research and development. It has grown mainly through digital sales channels.
The numbers: LiCO posted sales of more than €14 million in 2025, reaching what the company calls a solid position in the Spanish market. Its early backers included LanzaderaDealroom has a profile for this one. Try Dealroom →, Juan Roig's platform for entrepreneurs, and the fund BewaterDealroom has a profile for this one. Try Dealroom →.
Why Vecta? The firm focuses on mid-sized companies in the Iberian market with an operational value strategy. Its experience in personal care and cosmetics, plus its record in helping companies expand abroad, drove the deal.
What's the endgame? Both sides framed the investment around international expansion. "We are convinced that their experience, operational capabilities, and knowledge of the sector will help us scale the project internationally with guarantees," said Ferrer, chief executive officer and founder (translated from Spanish).
Javier Casado, a partner at Vecta, said the company "has a differential value proposition that we trust will be key in the company's international rollout" (translated from Spanish).
Why now? Vecta raised a €260 million fund in 2026, giving it capital to deploy. The LiCO deal lands amid rising consumer focus on personal care, a trend the company's targeted product range aims to serve.
Who advised? PwC, Evergreen, and Herbert Smith Freehills Kramer acted for Vecta, while BlueBull and Garrigues advised LiCO and Bewater.
The signal: The deal shows European private equity moving into science-led beauty brands that scale through direct digital sales. For LiCO, the backing marks a shift from domestic e-commerce success to a bid for markets beyond Spain.
Read more: capital-riesgo.es
Image credit: Generated with Gemini
