Xenon Private Equity sold De Wave Group to Platinum Equity
25 February 2022
Fineurop Soditic acted as exclusive financial advisor to Xenon Private Equity and the Shareholders of De Wave Group in the sale to Platinum Equity.The Group’s Management team will reinvest alongside Platinum Equity.
DE Wave Group
October 31 2019
Headquartered in Genoa, De Wave is a marine contractor specialized in cruise ship interiors, providing both new build and refit services to ship builders and cruise operators.
De Wave operates production facilities and commercial offices in Italy, Poland, Singapore and the United States, with vertically integrated production lines that offer full control throughout the product development process.
De Wave specializes in all aspects of ship interiors, including cabins, bathroom units, galley catering systems and public areas. The Group also provides extensive upgrade, maintenance and spare parts capabilities, offering solutions for the full lifecycle of its customer's vessels.
De Wave’s position today is the result of a build-up operation started in 2015 by Xenon Private Equity that led in four years to the creation of a leader in its market.
Platinum Equity will support the Group to achieve the next stage of growth and expansion.
Platinum Equity's acquisition of De Wave is its first investment in Italy.