Transaction

Platinum Equity enters into a binding agreement on the sale of De Wave Group to Renaissance Partners

Transaction

Platinum Equity enters into a binding agreement on the sale of De Wave Group to Renaissance Partners

Sell-side

Undisclosed

Role

Adviser to Platinum Equity on the sale of De Wave Group to Renaissance Partners

Sector

Industrial & Chemicals

Region

Italy

We have advised Platinum Equity on the signing of a binding agreement for the sale of De Wave Group (De Wave), one of the world’s leading providers of integrated solutions for marine interiors and technical systems for the cruise and yacht sectors, to Renaissance Partners. The group’s management, led by CEO Riccardo Pompili, will reinvest almost all of the proceeds from the sale alongside the new investor.

Founded in 2014 through the merger of three specialised and complementary companies, De Wave is now the only fully integrated provider of marine interiors, employing over 1,400 people and trusted by leading shipyards and cruise operators worldwide. Based in Genoa, the group supports shipowners and shipyards throughout the entire lifecycle of vessels, from newbuilds to refit and upgrade projects. Its offering ranges from design and engineering to manufacturing, from project management to on-board installation, through to after-sales, repair and maintenance services, and includes cabins, bathrooms, public areas, catering areas, and glazing solutions, as well as energy-efficient technical systems such as HVAC, refrigeration, and electrical systems. Through its international network, De Wave serves clients in Europe, Asia, and the Americas.

Since 2019, throughout the journey undertaken together with Platinum Equity, De Wave has more than doubled its revenue and EBITDA, expanded its total order book to approximately €2bn and significantly strengthened its international presence. In 2025, the group recorded revenue in excess of €400m and EBITDA in excess of €50m, consolidating its position as one of the leading players in the marine interiors sector.

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De Wave is embarking on this transaction from a position of great strength: over the past 12 years, starting from three separate entities, we have built the only fully integrated player in the marine interiors sector, with 1,400 employees and the trust of the world’s leading shipyards and cruise operators. In Renaissance Partners, we have found a partner who understands our sector and shares our ambition to make De Wave an even stronger global platform. Our reinvestment reflects our confidence in the group and our commitment to the journey ahead.

Riccardo Pompili, CEO, De Wave

We are delighted and proud to have partnered with Platinum Equity on this important journey, from the acquisition of De Wave in 2019 through to the agreement to sell the company. This transaction represents the culmination of a significant journey of growth and value creation, achieved by Platinum Equity together with the management team, which has enabled the group to strengthen its international positioning and consolidate its leadership in the sector. We wish De Wave and its management team every success as they continue on this journey alongside their new investor.

Niccolò Querci, Managing Partner, Clearwater

Advisers

Transactions