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 by YLighting.com and Lumens.com.
With this transfer, Design Holding appears to increase its attain, notably into the North American market, strengthen its digital presence and supply extra providers and added worth to its clients, it stated. The acquisition is predicted to shut within the second quarter.
Based mostly in Walnut Creek, Calif., YDesign generated $160 million in income final yr, a launch stated; 30% development within the client phase represents about two-thirds of the turnover. It has greater than 200,000 energetic clients, which incorporates shoppers, architects, designers and specifiers.
“This acquisition suits into the broader plan of building Design Holding because the main revolutionary high-end design platform with a really multi-channel worth proposition,” stated Gabriele Del Torchio, chairman of Design Holding. “We now have been impressed with YDesign’s repute for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and talent to assist clients all through the acquisition course of with a extremely skilled customer support crew. The preservation of YDesign’s current group and the continued independence of its industrial 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 development trajectory.”
“We’re thrilled by the numerous development alternatives that lie forward for YDesign Group,” stated YDesign Group’s CEO Laura Walsh. “Leveraging the strategic assist 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.