IDeA Corporate Credit Recovery I (” IDeA JRC I”), the first bottom of Italian DIP (Debtor-in-Possession) financing, managed by IDeA Capital Funds SGR (company Group DeA Capital), has improved the investment in Targetti Sankey S.p.A. (“Targetti“), the historic Italian company operating in the architectural lighting.

IDeA JRC I has completed the acquisition of 100% of the shares of Targetti within the scope of the reorganization operation and relaunch of the company. Since 1928 Targetti designs and manufactures equipment for architectural lighting for interiors and exteriors with a strong international presence consolidated through a network of branches widespread in the main European and extra-European markets:  France, Spain, United Kingdom, Russia, The United States, the United Arab Emirates and China.

The input of the fund IDeA JRC I will support the company to accelerate its development to international level, highlighting the technical and design know-how, the assets of the company as well as an historical brand of Made in Italy.