AMBIENTA takes majority stake in DISANO

Ambienta acquired a majority stake in Disano Illuminazione and its affiliated companies from the Di Sano founding family, in a transaction announced on 14 May 2026 and valued at an enterprise value of €300–700M. Disano generated revenue of €115m and an EBITDA of €18.5m, an EBITDA margin of [members only]. Patrizia Di Sano, daughter of founder Ignazio Di Sano, reinvested alongside Ambienta and became chairman, while the management team was to be strengthened. Ambienta treated the investment as both a resource efficiency and a pollution control case under its environmental impact framework, on the basis that lighting accounts for around a tenth of global electricity demand and that Disano’s products exceed the market average in lumens per watt. The fund had followed the professional lighting sector for several years and had tracked Disano in its own database for more than a decade. Its plan rested on expanding into new countries, developing the project channel, improving operations and making selective acquisitions in a fragmented market. Ambienta was advised by Deloitte on M&A, financial, tax and debt matters, LABS Corporate Finance on M&A, BCG on commercial due diligence, Gatti Pavesi Bianchi Ludovici on legal and structuring, Legance on financing and Ramboll on ESG. Disano and Patrizia Di Sano were assisted by Kitra Advisory as M&A adviser and Lexacta Global Legal Advice on legal and tax matters.