MILAN—Design Holding S.p.A., a high-end design agency with such manufacturers as B&B Italia, Flos and Louis Poulsen, has entered an settlement to accumulate YDesign Group, which sells lighting and different merchandise by YLighting.com and Lumens.com.
With this transfer, Design Holding appears to be like to increase its attain, significantly into the North American market, strengthen its digital presence and supply extra providers and added worth to its prospects, it stated. The acquisition is anticipated to shut within the second quarter.
Primarily based in Walnut Creek, Calif., YDesign generated $160 million in income final 12 months, a launch stated; 30% development within the shopper phase represents about two-thirds of the turnover. It has greater than 200,000 lively prospects, which incorporates customers, architects, designers and specifiers.
“This acquisition suits into the broader plan of creating Design Holding because the main progressive high-end design platform with a really multi-channel worth proposition,” stated Gabriele Del Torchio, chairman of Design Holding. “Now we have been impressed with YDesign’s status for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and talent to help prospects all through the acquisition course of with a extremely educated customer support crew. The preservation of YDesign’s present group and the continued independence of its industrial worth proposition are each integral to the success of this mix. On the identical time, YDesign will profit from Design Holding’s sturdy product data and experience in content-driven advertising to speed up its development trajectory.”
“We’re thrilled by the various development alternatives that lie forward for YDesign Group,” stated YDesign Group’s CEO Laura Walsh. “Leveraging the strategic help of Design Holding’s platform, we’ll proceed to strengthen our positioning because the market chief within the U.S. high-end lighting house and our status as the first vacation spot for architects and designers.”
Design Holding was based in 2018 by Investindustrial and The Carlyle Group.