Dexelance S.p.A. has acquired a 65% stake in Mollura & C. S.p.A. (Mohd), enhancing its portfolio in the high-end design and furniture market.

Target Company Overview

Dexelance S.p.A., previously known as Italian Design Brands S.p.A., is an industrial group listed on the Italian Stock Exchange. The company specializes in high-end design, lighting, and furniture. Recently, it announced the acquisition of a majority stake in Mollura & C. S.p.A. (Mohd), a leading Italian company in the online sale and distribution of luxury furniture. This acquisition entails the purchase of a 65% stake, comprising a 54% stake from the Made in Italy Fund, managed by Quadrivio Group in conjunction with Pambianco Strategie d’Impresa, and an 11% stake from the Mollura family, who will retain a 35% stake post-transaction.

The total investment by Dexelance amounts to approximately €44.3 million, based on Mohd's reported revenue of €70 million and EBITDA of €7 million for the 2024 fiscal year, alongside a net cash position of approximately €14.5 million at year-end.

Industry Overview in Italy

The luxury furniture market in Italy is characterized by a robust heritage of craftsmanship and a strong national identity tied to high-quality design. Italian manufacturers have a prominent presence in the global market, valu