Dexelance acquires 65% of Mohd and debuts in distribution
To the group the shares of Quadrivio Group and part of the shares of the Mollura family, which remains at the helm with 35% of the capital. Objective to get closer to the end consumer
3' min read
3' min read
Dexelance, one of Italy's largest groups in high-end design, lighting and furniture, scores a new acquisition, the second this year, and brings the number of companies in its portfolio to 13, with a total of 15 brands.
Distribution debut
.The group - listed on the stock exchange from May 2023 and controlled by the Tamburi Investment Partners fund - is making its debut in the world of distribution by acquiring 65% of Mohd, a high-end furniture retailer founded in 1968 and now one of the world leaders in the sector, thanks to a multi-channel model that integrates an online platform with over 12 million annual sessions and a large team of designers specialising in the creation of furnishing projects around the world: of the 70 million euro annual turnover, 25% comes from e-commerce and 60% from the project channel.
And it is this specificity that convinced Dexelance to enter the company's capital, taking over the Quadrivio Group fund's share (54%) and a portion of the Mollura family's stake, which, in line with the industrial model pursued by Dexelance over the years, remains at the helm of the company at the strategic level, with 35% of the capital.
Transaction details
.The transaction involves an outlay by Dexelance of approximately EUR 44.3 million. There are also two options connected to the remaining 35%," the company explains: a put option in favour of the Mollura family, for a further 10% of the capital, exercisable between the sixth and twelfth month after the closing date and at the same valuation - pro rata; reciprocal put and call options, the exercise price of which will be determined on the basis of Mohd's results in the financial years 2028 and 2029.
"This is a key step for Dexelance's offer, which up to now has been based on industrial production," explains President and CEO Andrea Sasso. "Now we are acquiring Mohd is a unicum in the distribution of high-end design, because of its presence both in the ecommerce world, and in the project sector, and in physical sales, through six showrooms, all in Italy, in Catania, Messina and Milan. A company that operates worldwide (80% of revenues are generated abroad), with over 500 brands represented and more than 20 thousand products in its catalogue.
