Italian Design Brands takes control of Modar and tops 130 mln euros in revenues

The Italian Design Brands (IDB) furniture and design pole, which took over the majority of Modar, a company specializing in the turnkey contract retail and luxury segment (see the press release here). Giovanni De Ponti, a professional and investor in the furniture and design sector, also takes part in the transaction with a minority stake. The founder of Modar, Dante Malagola, will remain a shareholder and ceo of the company. The deal was financed by Unicredit. The advisors to the transaction were Eversheds Sutherland, Tonucci & Partners, Maisto e Associati, Merchants Square - Milanese Professionals and SCS Consulting, while Unicredit w