Del Vecchio: Lmdv Capital starts partnership with Wertheimer
“A partnership that broadens the horizon of our investments in Europe, strengthens the international positioning of LMDV Capital and certifies, by an absolutely leading player prestige in the financial horizon, the reward and the goodness of our investments in the hospitality world“. Thus Leonardo Maria Del Vecchio announces the signing of an agreement that sees his family office LMDV Capital enter as a limited partner in ‘1686 Partners’, a private equity firm dedicated to innovation in the lifestyle and hospitality sectors and active in Europe, Asia and America.
The fund was created by David Wertheimer, son of Gérard Wertheimer, a member of the family that, together with his brother Alain, owns Chanel. In parallel to the investment, David Wertheimer’s Luxembourg fund will also enter as a minority shareholder in Triple Sea Food Holding.
The modus operandi of 1686 Partners is to support the most promising players in the market and lead them to become leaders in their sectors, satisfying the expectations of new generations who are looking for purpose-driven brands capable of combining disruptive innovations and sustainable practices within unique and exclusive experiences. “An objective that marries perfectly with that of LMDV Capital – continues Del Vecchio -: to bring innovation to consolidated sectors, contributing to the growth of Made in Italy and creating a beneficial return for society starting from our investments, for example in urban renewal or sustainability”.
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