Investindustrial’s B&B acquires 70% stake in Arclinea

The all-equity transaction saw the portfolio company acquire a majority stake in Arclinea from its sole shareholder, the founding Fortuna family. Local press reports value this stake at 70%. The founding family will retain a minority stake and continue to lead the business, with its former CEO, Silvio Fortuna, becoming chairperson.

Following the acquisition, the two companies will operate under two separate brands and expect to generate a combined turnover of €200m with a presence in 80 countries.

The deal marks the first acquisition for the Como-based indoor and outdoor furniture designer B&B since Investindustrial entered its shareholder base and is part of the GP's growth plan aimed to boost the company's expansion.

Previous funding
In June 2015, Investindustrial acquired an 80% stake in B&B; the company's CEO Giorgio Businelli retained the remaining 20%. According to unquote" data, the GP drew capital from its fifth vehicle, Investindustrial V, which raised €1.25bn in 2011. Of the total amount committed to the vehicle, Investindustrial has allocated around €1bn to investments in the Italian design sector, unquote" understands.

Company
Headquartered in Vicenza and founded in 1925, Arclinea focuses on kitchen design and currently employs a staff of 100. The company generates 65% of its revenues from abroad and claims a presence in 40 countries across 19 flagship stores and 200 multi-brand stores.

The business generated a turnover of €20m in 2015.

People
Investindustrial – Andrea Bonomi (managing principal).
Arclinea Arredamenti – Silvio Fortuna (chair).
B&B Italia – Giorgio Businelli (CEO).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Italy
• Acquisition finance
• Investindustrial