A rich exit in just over nine months is coming for Italy's private equity firm Investindustrial on its investment in Knoll, the interior furniture group listed on the NYSE on which Investindustrial VII fund had bet 164 million dollars last June 2020 (see here a previous article by BeBeez), by purchasing a package of newly issued convertible preferred stock. Investindustrial will now receive 253 million dollars for that package, as part of Knoll's merger with the Nasdaq-listed Herman Miller design group announced earlier this week (see Hermann Miller's press release here and Investindustrial's one here).
The announcement of the operation on Knol