Made in Italy Fund

Quadrivio buys furniture specialist MOHD

Mid-market private equity firm Quadrivio Group has acquired a 52% stake in luxury furniture specialist Mollura Home Design (MOHD).

The company’s founder Gianluca Mollura will stay on with the business as CEO and chair and will be joined by manager Gianluca Armento.

The GP invested via its Made in Italy Fund, which was launched in October 2018 with a €200m target and has raised around €100m so far. The vehicle acquires majority stakes in Italian SMEs operating in the fashion, design, beauty and food industries, with annual revenues of €10-50m. It deploys equity tickets between €10-20m and follows a conservative approach to the use of leverage in its transactions, not exceeding 3x EBITDA.

This is the second deal inked by the fund, following its acquisition of a 70% stake in Palladium Moda, an Italian company that specialises in the fashion industry and owns the 120% Lino brand.

Founded in 1968 and headquartered in Messina, Sicily, MOHD specialises in selling and distributing luxury furniture online and in three stores located across Italy. The company also offers interior design projects for houses, offices and hotels. MOHD expects to generate revenues of €30m in 2019, of which around 50% will come from outside Italy.

Quadrivio Group – Walter Ricciotti (CEO).
MOHD – Gianluca Mollura (founder, CEO, chair).