Furniture

We.Do, from Azimut support for the industrial plan

A 7 million euro loan for the realisation of the Padua group's new business model, which integrates furniture, technology and services

by R.I.T.

Lo stabilimento Arrital

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Azimut supports the development of We.Do Holding: the high-end furniture, interior design and contract group, which includes 11 brands and nine production plants, has in fact obtained a 7 million euro loan thanks to the support of Azimut Direct, an Azimut Group company active in corporate finance.

The financing will be used to support the Veneto-based furniture group's business plan, which should be finalised shortly and should contain an expansion of its product and service offering, as well as a strong push towards internationalisation.

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Structured and granted by the Azimut Diversified Corporate Credit ESG-8 SCSp RAIF fund and other private debt funds managed by Azimut Investments, the loan concerns the two subsidiaries We Do Home (specialising in home furnishings) and We Do Life (active in the contract sector), which have developed an innovative business plan aimed at living by integrating furnishings, spaces, functions, services, technology, energy and quality of life.

Specifically, the operation will be used to finance the new business strategy proposed by We.Do: a model that integrates the world of design and furnishing with the new paradigms of innovation and value-added services: end-to-end contract and design-to-build, property finding, integration of energy and home automation technologies.

The reference markets and audiences, which are constantly changing, are those of living, working and wellness spaces with a growing demand for integrated and sustainable turnkey solutions. In this scenario, We.Do Holding stands as an ecosystem of companies that makes innovation a guarantee of growth, giving value to the entire supply chain and satisfying new trends and lifestyles.

"Azimut Direct is one of the few financial partners whose professional approach is not confined to economic-financial data alone, but instead considers the quality of the entrepreneurial design of the companies it intends to finance, enhancing their capacity for innovation and sustainability, even when this constitutes a radical change from previous practices," said We.Do Holding chairman Andrea Olivi, commenting on the transaction. "It is a criterion that requires attention, widespread expertise, and the ability to analyse the markets involved, and that allows the parties to trust each other.

For Antonio Chicca, CEO of Azimut Direct, "This 7 million euro loan, subscribed through our private debt funds, is a virtuous example of how direct lending can accelerate the development of Italian excellence. The operation is a recognition of the quality of a business plan projected towards the future of sustainable living, an approach that perfectly matches the philosophy of our ESG funds".

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