Italian furnishing corporation Colombini Group has acquired a the greater part stake in counterpart Bontempi Casa.
With its Rossana, Febal Casa, Colombini Casa, Offic’è and Colombini brands, Colombini Team is one particular of Italy’s top designers and companies of home furnishings for shoppers in the residential, hôtellerie and business sectors.
The acquisition of Bontempi Casa, which is based mostly in Camerano (in the province of Ancona), adds close to €35 million to its turnover, lifting the organization nearer to its intention of becoming a €250 million enterprise by 2025. “Thanks to the 60% acquisition of Bontempi Casa, we are well ahead of our development route outlined in our 5-calendar year tactic,” explained Giovanni Battista Vacchi, the CEO of Colombini Group.
The deal amongst the two players was advised by M&A gurus from quite a few specialist companies firms. Canestrari & Crescentini Associati supplied M&A advisory companies and done the economic and fiscal thanks diligence for consumer Colombini Group, while OC&C Approach Consultants carried out the business owing diligence and Ethica Team delivered personal debt advisory help.
Meanwhile, at the other facet of the offer table, fellow loved ones-owned business Bontempi Casa obtained M&A help from CF&S. Legal knowledge was delivered by BNM and Fieldfisher (invest in-aspect) and Studio Legale Sabatini (market-aspect).
“Adding Bontempi Casa’s products to our portfolio will help us to further more fortify our presence in the Italian and international marketplace and far better respond to the expanding calls for of the home furnishings sector,” mentioned Emanuel Colombini, the President of San Marino dependent Colombini Group.
According to data sourced from Statista, the worldwide home furniture marketplace is at present well worth about $528 billion. A growing center course in building economies, and a switching customer appetite to more sustainable products in designed economies, are amid the critical motorists that are touted to elevate the industry’s value to about $650 billion by 2027.
Italy performs a significant job in the household furniture marketplace, remaining the fourth most significant furniture manufacturer in the world and one particular of the major exporters. Italian household furniture is especially beloved by people for its design and style, high top quality and merchandise aesthetics, according to a recent investigation by Mordor Intelligence.
For Bontempi Casa, the becoming a member of of forces will let the corporation to “achieve significant synergies, improve development options while preserving the autonomy of the firm,” said business leaders Michele Bontempi and Massimiliano Bontempi.
As portion of the integration, Colombini Group will enlarge its board of administrators from three to 5 members, with the two new seats staying handed to representatives from Bontempi Casa.