Over the last few years, Swiss banking group Mirabaud’s investment platform has been active in financing French brands through its Mirabaud Patrimoine Vivant fund, taking stakes in the likes of Carel, Anne Fontaine, Zapa, Le Coq Sportif, and Mauboussin. But the platform, which is supported by the expertise of ex-minister and former LVMH executive Renaud Dutreil, moved into a new stage of development last year.
Mirabaud Asset Management convinced investors to create a new investment vehicle called Mirabaud Lifestyle Impact & Innovation, led by Dutreil and David Wertheimer, son of Chanel’s Gérard Wertheimer. The structure had a total envelope of between 200 million and 250 million euros.
“Our desire is to invest 75% of the capital in growth companies, making between 10 and 50 million euros in revenue. The idea is to make investments of around 15 million euros in a dozen companies. With the remaining 25%, we are intending to make another dozen investments in early stage businesses. These are companies making between 1 and 10 million euros in revenue. We want to select the success stories of the future,” explained Dutreil to FashionNetwork.com in January.
