DEXELANCE TO ACQUIRE A STAKE IN RODA

Roda, leader in luxury outdoor furnishings, and Dexelance announce the signing of a letter of intent to create a strategic partnership that will see Dexelance entering the share capital of Roda. Dexelance - which controls 11 companies and 14 brands in various segments of design, furnishings and lighting, and ended the 2024 financial year with revenues of over Euro 300 million, of which about three quarters were generated abroad - through this deal aims to add to its existing business areas a significant share in Roda Group, leader of in outdoor furniture. With this partnership, Roda will take on the lead of Dexelance's future investments in the segment, contributing its know-how, production hubs and consolidated distribution network, with the aim of promoting the development of additional companies, identified for their complementarity, according to a synergistic and systemic logic within a still fragmented value chain.

The letter of intent envisages Dexelance initially acquiring a minority stake in Roda's share capital, partly through the purchase of shares and partly through the subscription of a share capital increase - aimed at supporting new investments and starting a new phase of growth for Roda Group - and a second phase with Dexelance acquiring a majority stake in Roda's share capital thanks to the exercise of specific buy and sell options.

In line with Dexelance's aggregation model, the management of Roda Group will remain unchanged. Dexelance will provide strategic support through its commercial and retail network, with communication and marketing initiatives, digital transformation projects and by sharing its connections with the most prestigious architecture and interior design firms worldwide.

The finalization of the contractual documents and the closing of the deal are expected by mid-May, following the positive conclusion of the ongoing due diligence and the customary approvals.

"We are thrilled to start this partnership with Dexelance. Their experience and support will allow us to accelerate our global expansion and consolidate our position as a
leader in luxury outdoor furniture", Daniele Pompa, CEO of Roda, says. Andrea Sasso, CEO of Dexelance, added: “We are very happy to join with the Pompa family to accelerate the development of one of the most prestigious names in the international outdoor market, sharing not only their projects but also their values and a common strategic vision”.