Italian Design Brands announced that it had started the ipo process aimed at listing on Euronext Milan (formerly Aim), STAR Segment (high requirements securities segment). As part of the transaction, IDB has appointed Citigroup and Equita as joint global coordinator and joint bookrunner. Equita will also act as a sponsor.
Subject to market conditions and obtaining the necessary regulatory approvals, the company expects to complete the process by the first half of 2023. The transaction’s proceeds will allow the company to continue accelerating the growth path that Italian Design Brands has been on since its founding. The group aims for organic growth of the current group companies, focusing on international markets. Among the objectives resulting from the listing is also the desire to implement intensive mergers and acquisitions activity in the high-end furniture and design sector.
Andrea Sasso, president and CEO of Italian Design Brands
In 2021, IDB reported consolidated revenues of 144.2 million euros with an export share of 73 percent. The company employs, to date, more than 510 people. Italian Design Brands S.p.A. was founded in 2015 to promote a hub of high-quality Italian design on the initiative of Private Equity Partners Paolo Colonna, Giovanni, Michele Gervasoni, and several private investors. Today the group has nine companies: Gervasoni (furniture, also under the Very Wood brand),Meridiani (furniture), Cenacchi International (turnkey projects for the luxury sector), Davide Groppi (lamps and lighting projects), Saba Italia (design), Modar (contract furniture – turnkey), Flexalighting (LED lighting), Axolight (designer lamps), Gamma Arredamenti (upholstered furniture and leather furnishing accessories)
