Italian Commercial Bank Tamburi Investment Partners (referred to as Tamburi) has reached an agreement with several prominent Italian family offices on July 12th. They have exercised their option to acquire a 20% stake in Investindesign, the parent company of Italian Design Brands (IDB), a high-end furniture group. The transaction amount is 28.4 million euros.
The acquisition will be carried out through the investment vehicle Club Design Srl (in which Tamburi holds a 20% stake), and the per-share price remains the same as when Tamburi made the acquisition in May. The share transfer is …
