Add-on Acquisition • Business Services

Basic.Space Acquires Design Miami

On October 18, 2023, Basic.Space acquired business services company Design Miami

Acquisition Context

This is Basic.Space’s 1st transaction in the Business Services sector.
This is Basic.Space’s 1st transaction in the United States.
This is Basic.Space’s 1st transaction in Florida.

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M&A Deal Summary
Date	October 18, 2023
Target	Design Miami
Sector	Business Services
Buyer(s)	Basic.Space
Deal Type	Add-on Acquisition

Target Company

Design Miami

Miami, Florida, United States

Design Miami is a global forum that brings together collectible museum-quality 20th and 21st-century furniture, lighting, and objets d'art from leading galleries at fairs in Miami Beach, Basel, Shanghai, and Paris. Design Miami is based in Miami, Florida.

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Buyer Overview 1

Buyer

Basic.Space

Los Angeles, California, United States

Category	Company
Founded	2020
Sector	E-Commerce

DESCRIPTION

Basic.Space is a digital marketplace with a curated blend of pre-owned/vintage items, new limited edition products and exclusive brand collaborations. Basic.Space was formed in 2020 and is based in Los Angeles, California.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Florida	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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