Ibla Capital buys bed manufacturer Assio

The company's current management team, led by founders Giuliano and Graziano Coden, will stay on with the business.

Assio represents the third investment made by Ibla Capital, following its purchase of organic supplement producer Natural Way Laboratories in February 2016, and its acquisition of furniture designer Presotto Industrie Mobili in February 2018.

The firm targets Italian companies with turnovers of between €15-40m that have high-growth potential, but which require a financial or operational restructuring. It invests alongside the Swiss fund Clearsight.

Company
Established in 1977 and based in Fiume Veneto, Assio is a designer and manufacturer of upholstered beds.

People
Ibla Capital – Alessandro Lo Savio (CEO, founder).
Assio – Giuliano Coden, Graziano Coden (founders).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy
• Turnarounds