Italian private equity house Clessidra has agreed to acquire Italian high-end lighting systems producer Viabizzuno from 21 Invest.
Established in 1994, Viabizzuno produces Italy-made lighting projects for retail and residential clients, offices and hospitality sectors. The company has thirty laboratories and a network of technicians in over 50 countries.
It operates through its exclusive e-commerce platform Viacommerce.
The deal is the second on by Clessidra Capital Partners 4, which held a first close on €270m in June.
Andrea Ottaviano, CEO of Clessidra Private Equity, said, “By acquiring Viabizzuno, we are strengthening our presence within the lighting industry, which is characterised by significant growth prospects also attributable to an increasing focus on sustainability and energy saving.
“Thanks to the founder’s vision and work, with whom we are glad to cooperate with, the company has a portfolio of clients and projects at international level, and consolidated collaborations with the most important architects and lighting designers.”
Founded in 2003, Clessidra has more than €2.8bn in capital under management. It completed 24 investments for a total amount of over €2bn.
Clessidra closed its third fund at €607.3m in 2016.
It brought in experienced L Catterton managing partner Andrea Ottaviano as its head of private equity in 2019.
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