PEP's IDB bolts on Saba Italia

The financing for the transaction was provided by Unicredit.

Saba Italia is the fifth bolt-on inked by IDB, which expects to reach a turnover of €100m in 2018.

IDB was established by PEP, Permira's Paolo Colonna and a group of private investors in May 2015 to pursue a buy-and-build strategy aimed at creating a Milan-based interior design platform. The consortium backed an MBO for furniture manufacturer Gervasoni in May 2015 and subsequently bolted on interior designer Meridiani in 2016, furniture business Cenacchi International in 2017 and lighting designer Davide Groppi in 2018.

Company
Established in 1987 and based in Padua, Saba Italia is a luxury furniture designer. The company works with several famous stylists and artists, including fashion designer Antonio Marras, to develop its catalogues and collections. The business generated revenues of €13m in 2017.

People
Private Equity Partners – Fabio Sattin, Giovanni Campolo (co-founders, managing partners).
Italian Design Brands – Giorgio Gobbi (CEO).
Saba Italia – Amelia Pegorin (CEO).

Advisers
Acquirer – Eversheds Sutherland (legal); Studio Maisto e Associati (tax); SCS Consulting (corporate finance); CF Partners (corporate finance).

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• Topics
• Portfolio management
• Southern Europe
• Consumer
• Private Equity Partners SGR Spa
• Italy
• Buy-and-build
• Eversheds
• Build-up