Private Equity Partners, Permira’s Paolo Colonna and a group of private investors have acquired Gervasoni, an Italian furniture designer and manufacturer, from its family owners. The acquisition will see the creation of Milan-based holding company Italian Design Brands (IDB), which will be the platform for a buy-and-build strategy. Gervasoni’s owners, Giovanni and Michele Gervasoni, retain a minority stake in IDB as part of the deal and managerial responsibilities within the Holding Company.
Founded in 1882 and headquartered in Udine, Italy, Gervasoni designs and produces furniture for the residential and hospitality sectors. It operates under the Gervasoni, Very Wood and Letti&Co brands.
Fabio Sattin, Paolo Colonna along with Giovanni and Michele Gervasoni have launched “Italian Design Brands” to sponsor and promote an Italian Design district in the sector of high quality furniture. DVRCAPITAL acted as exclusive advisor to the Gervasonis
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