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. DVRCAPITAL acted as financial advisor to the sellers | May 2015