Cosimo Vitola
Ethica Group
Luxy spa
Deal Type
Company sale
Sector
Consumer
Completion Date
15th February 2016
Deal Value
Not disclosed
Company Background
Established in 1976 and headquartered in the Vicenza area, Luxy S.p.A. is a highly specialized company in the production of ergonomic and design chairs and sofas, exported to over 40 countries. Collaboration with international, well-known designers, like Massimiliano and Doriana Fuksas, along with the company’s innate vocation for research, led the company to patent products characterized by design and ergonomics symbol of “Made in Italy”.
Deal Summary
Ethica Corporate Finance advised the shareholders of Luxy on the sale of the business to HAT Holding, a private investment firm focused on investing in Italian middle market companies.
The acquisition provided a full exit for the existing shareholders - the founding family and two Italian private equity firms - whilst the Group’s current CEO, Libero Gregoletto, invested alongside HAT and additional top managers in the leveraged buy out transaction.
Value Added
Ethica represented and guided the shareholders in the evaluation of three offers from a broad range of candidates and determine the optimal party to implement the growth strategy identified by the management.
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