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 amass YDesign Group, which sells lighting and different merchandise via YLighting.com and Lumens.com.
With this transfer, Design Holding appears to develop its attain, significantly into the North American market, strengthen its digital presence and supply extra providers and added worth to its prospects, it mentioned. The acquisition is anticipated to shut within the second quarter.
Based mostly in Walnut Creek, Calif., YDesign generated $160 million in income final 12 months, a launch mentioned; 30% progress within the client section represents about two-thirds of the turnover. It has greater than 200,000 energetic prospects, which incorporates shoppers, architects, designers and specifiers.
“This acquisition suits into the broader plan of building Design Holding because the main modern high-end design platform with a very multi-channel worth proposition,” mentioned Gabriele Del Torchio, chairman of Design Holding. “Now we have been impressed with YDesign’s repute 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 skilled customer support staff. The preservation of YDesign’s current group and the continued independence of its business worth proposition are each integral to the success of this mixture. On the identical time, YDesign will profit from Design Holding’s sturdy product data and experience in content-driven advertising and marketing to speed up its progress trajectory.”
“We’re thrilled by the various progress alternatives that lie forward for YDesign Group,” mentioned 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 area and our repute as the first vacation spot for architects and designers.”
Design Holding was based in 2018 by Investindustrial and The Carlyle Group.