Montezemolo & Partners SGR announces the establishment of Charme II. First closing at 320 million euro
Montezemolo & Partners SGR, advisor of the private equity fund Charme I, announces the establishment of Charme II and its first closing at 320 million Euro.
Charme II is a private equity fund governed by Italian law and authorised by the central Bank of Italy. Its investment strategy represents the natural extensions of Charme I, who acted since its establishment in 2003 with the goal to carry out a number of entrepreneurial and industrial investments with a limited use of the financial leverage. Consistently, Charme II intends to invest in Italy and internationally primarily in the branded goods sector, through the identification of target companies with a strong brand awareness and a clear potential of international expansion. Charme II also aims to extend its investment scope to sectors other than its primary investment focus, that will include services, energy, tourism and transportation.
Charme II, alongside with the approach of Charme I, intends to act as strategic partner for those companies and entrepreneurs whose aim is to share their development paths with an organization acting with clear synergies in terms of entrepreneurial culture, management approach and sharing of corporate targets.
Together with the Montezemolo family, all the founding partners of Charme I have taken part to the establishment of Charme II, as a material sign of appreciation of the entrepreneurial and industrial approach adopted by Charme I since 2003.
The primary goal of Charme II has subsequently been to open its investors base to those international entrepreneurial families and financial institutions who may also operate as partners of the portfolio companies of Charme II in their respective countries. Among others, the establishment of Charme II recorded the commitments of Ratan Tata (India), the Royal Family of Abu Dhabi (United Arab Emirates), the Royal Family of Bahrein and the Bouygues family (France). Among the institutional partners, who will work alongside UniCredit and BIM as founding partners of Charme I, there will be Banca Intesa-San Paolo, Unipol, Banco Santander and Royal Bank of Scotland.
Luca di Montezemolo acts as Chairman of Montezemolo & Partners SGR, while Matteo di Montezemolo will be the CEO and will be supported by the senior partners Tommaso Beolchini and Lorenzo Romani Adami, with Charme since its establishment. The team is completed by Giuseppe Pasetti, former DeA Capital, Paolo Paganella, ex Sofipa, Matteo Facoetti, ex BS Private Equity and Simone Cavalieri, former Merrill Lynch.