MILAN (Reuters) – High-end interior design group Design Holding, which last year picked banks for a possible market listing, said on Wednesday its pro-forma revenues rose by 15.7% to 877 million euros ($960 million)in 2022, after the acquisition of Denmark’s Designers Company.
Milan-based Design Holding, jointly controlled by private equity firms Carlyle Group and Investindustrial, owns brands such as B&B Italia, Flos and Louis Poulsen.
Design Holding’s 2022 core earnings (EBITDA), including a 12 month contribution from Designers Company, rose to 211.8 million euros from 190 million euros a year earlier.
Last year the group hired investment bank Lazard to work on a possible listing, with Bank of America, JPMorgan, UBS and UniCredit acting as global coordinators for an initial public offering (IPO), two sources said.
($1 = 0.9132 euros)
(Reporting by Elisa Anzolin; Editing by Keith Weir)
