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Private investment firm Chimera Abu Dhabi and Haeres Capital have announced the formation of a joint venture of equals, co-investment vehicle ChimHaeres Investment Holding.
The new company will use its own funds to acquire and build luxury and lifestyle brands in Europe, with an initial focus on Italy, France, Switzerland and the United Kingdom.
ChimHaeres will be led by CEO Philippe Camperio, who will be supported by a strong team of industry veterans, including Antonella di Pietro, Alberto Nathanson, Giacomo Santucci and Jérôme Macario, as well as a team of experienced operational, financial and legal experts in the field.
Chim Haeres is targeting immediate critical mass, having just completed the acquisition of a majority stake in Zagato, the iconic Italian coachbuilder and car designer founded in 1919. At the same time, ChimHaeres also acquired 100% of French haute couture brand Vionnet, which was founded in 1912 by iconic couturier Madeleine Vionnet and agreed to invest in a majority stake in Fogal, a Swiss fashion sock brand founded in 1921.
In addition, Haeres contributed to ChimHaeres a majority stake in Borsalino, the world’s most famous hat maker founded in Italy in 1857.
Building on these initial investments and backed by a strong shareholder base, ChimHaeres has been looking for investments in aspiring strong brands with the aim of accelerating their growth by focusing on international expansion, digital transformation and sustainable development.
Philippe Camperio, Founder of Haeres Capital and Chief Executive Officer of ChimHaeres, said: “ChimHaeres embodies the shared vision of Chimera and Haeres to build and manage a multi-brand luxury and lifestyle platform. The management and ownership approach invests in unique European assets to achieve each portfolio company’s long-term strategy. I am excited to be part of this new venture and look forward to working with our multidisciplinary team to deploy our proven business model to Among high-end brands.”
Mirian Khalaf, Head of Private Equity, Chimera Abu Dhabi added: “Despite the pandemic and various macroeconomic and geopolitical challenges, the global luxury market has shown remarkable growth and resilience in recent years. We believe that our partnership with Haeres The partnership will allow us to capitalize on the attractive long-term fundamentals of the sector and establish us as a leading investor in the European lifestyle sector. We look forward to working with Philippe and his team to position an attractive business with good growth prospects.” ‘Legacy’ and ‘Next Generation’ brands to serve a younger and growing global audience.”
Giovanni Maria Rossi, Chairman of ChimHaeres concluded: “I firmly believe that, with its team, vision, experience and available capital, ChimHaeres has the potential to become a significant player in the European luxury industry.” – trade arab news agency
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