Alcedo SGR has sold EXA Group to Montefiore Investment

EXA Group

EXA Group is a leading general contractor in the luxury retail, hotel, workspaces and luxury residential sectors. The group resulted from the combination of two leading Italian companies: EXA, which led high-quality international flagship store renovation projects, and Mobil Project, a provider of interior fitting services, finishes and furnishing works for luxury hotel and villas projects.

The Deal

Alcedo SGR purchased EXA Group in 2016 and played a meaningful role supporting the company in its continued growth and adding competencies through the acquisition of Mobil Project, a leading Italian furnishing company operating in the luxury hotels and residential buildings market. Alcedo SGR engaged Lincoln International as its exclusive advisor to find a partner that could support EXA Group’s compelling growth potential. Lincoln led a competitive process, involving a restricted list of both strategic acquirers and financial sponsors. The process resulted in an exclusivity agreement with the French private equity fund Montefiore Investment for the sale of the company.

Our Perspective

Saverio Rondelli, Managing Director and Chief Executive Officer of Lincoln Italy, commented, “EXA Group is a true leader in the general contracting industry for luxury brands. We are excited to have had the opportunity to partner with the EXA Group and Alcedo SGR team, and we look forward to the continued growth and success of the business with its new owner Montefiore.”

Montefiore Investment

Montefiore is a reference investor for small and medium-sized service companies. Montefiore supports entrepreneurs, managers and shareholders in high-potential companies in equity transactions and growth projects, through a strategy that relies on the two pillars of focus and growth: a strong focus on service businesses and unique experience in accompanying ambitious growth projects, in France and internationally.

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