Headquartered near Bologna, Ipe is a leading Italian luxury firm, owner of the brand Visionnaire. The company distributes its luxury furniture items worldwide in over 50 countries through 13 flagship stores and show rooms in strategic markets such as Italy, China, Singapore, Russia, Turkey and in the Middle East. Visionnaire’s solutions are sold through a wide network composed of more than 600 mono and multi brand stores as well as over 1,000 architectural firms and interior design showrooms. Ipe generated 2013 sales of €35 million (16% increase compared to 2012) with an EBITDA margin of over 20%. Export represents 80% of revenue. The transaction will allow Ipe to improve its presence in countries such as France, UK, USA and Benelux region, where the main shareholder benefits from important relationships.