Bridgepoint Capital, a UK private equity house, has made its second acquisition this week, buying Limoni, an Italian cosmetics chain, in a deal that values the company at €470m ($606m).

Bridgepoint has bought a 70% stake in Limoni, with founder Piofrancesco Borghetti increasing his stake to 30%, the company said yesterday. It was previously owned by a group of investors that included Italian banks Interbanca and Banca Intesa, and Italian publisher DeAgostini.