Transaction details
Turri
Ethica Group with Turri in the sale of the majority to Italian Design Brands (IDB)
Ethica Group assisted, with the M&A Advisory team, Turri, a leading company in the sector of high-end interior furnishings for dining, living and sleeping areas, in the sale of a majority stake to IDB, a diversified industrial group among the Italian leaders in design.
The transaction fits into the context of the IDB model, based on a combination of organic growth and acquisitions aimed at representing Italian excellence in the world of design, combining growth and long-term overall vision with an entrepreneurial approach that respects the identity of individual companies. With Turri, IDB continues completing its coverage of all segments and areas within its reference market, the “Core High-End Design Furnishing Market”, also integrating important skills in the residential contract world of luxury and in the creation of totally custom furnishing products made all over the world.