Flos brightened by Investindustrial buyout

Following completion of the deal, the company will undertake an acquisitive growth strategy and seek to expand its international operations.

Flos's previous owners, the Gandini family, will retain a significant stake in the company and, alongside other shareholders, will remain involved in the decision-making process.

Investindustrial stated it had developed its interest in Flos through its previous investments in architectural cladding company Permasteelisa and lighting company Castaldi.

Company
Founded in 1962 and based in Brescia, Flos is a designer and producer of lighting products for residential and commercial customers. The company also has operations in Ribarroja, near Valencia. Its clients include Hugo Boss, Nespresso, Giorgio Armani and Dior.

In addition to its commercial operations, Flos's products have featured in art and design museums including the Museum of Modern Art and the Metropolitan Museum of Art in New York; and the Victoria & Albert Museum in London. It has partnerships with designers including Philippe Starck and the Castiglioni family.

People
Andrea Bonomi is a senior industrial partner at Investindustrial. Piero Gandini is CEO of Flos.

Advisers
Equity – Lazard (M&A); UniCredit (M&A); Lombardi Molinari Segni e Associati (Legal); Chiomenti (Legal); Bain & Co (Commercial due diligence); PwC (Financial due diligence).
Company – JP Morgan (Corporate finance); Studio Legale Pavesi Gitti Verzoni (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Buyouts
• Consumer
• Italy
• Investindustrial