Polaris divests Designers Company to Design Holding
We are pleased to announce that Polaris has entered into an agreement to divest its majority shareholding in Designers Company to Design Holding, a global high-quality design group jointly owned by Investindustrial and The Carlyle Group.
Designers Company has developed strongly in partnership with Polaris since the initial acquisition of MENU in 2018 and the subsequent foundation of a design group, which is today comprised of e.g. MENU, The Audo, by Lassen and Brdr. Petersen. During our ownership period the business has nearly tripled in revenue and EBITDA.
“Designers Company has created a fantastic business and generated strong results under our ownership, and we are pleased to pass the baton to Design Holding, which is a leading global player within high-end design. Following the strong developments in recent years, Designers Company is ready to reach its full potential on the global scene, and it is a great acknowledgment of management and employees that the company will become part of Design Holding’s global portfolio of high-end design brands,” says Allan Bach Pedersen, Partner at Polaris. Please see the full press release below: