Pic: Dondup
Made in Italy Fund is once again backing fashion, by recently acquiring the Dondup brand from the European and Asian Funds of L Catterton. Dondup is Made in Italy Fund’s seventh investment and its fourth in the fashion sector. The purpose is to create an industrial group capable of encouraging synergy between Dondup and some of the fund’s fashion portfolios.
Two such entities are 120% Lino, an Italian leader in producing linen and natural-fibre garments, and Rosantica, a brand specialized in making gem bags and precious accessories.
Terms of the transaction were not disclosed, the Fund said in a press release.
Managed and promoted by Quadrivio & Pambianco, the Made in Italy private equity fund has upped its fundraising target from €200 million (more than 70 per cent has already been invested) to €300 million.
Founded in 1999 in Fossombrone in the Italian province of Pesaro and Urbino, Dondup produces and distributes 100 per cent Made in Italy men’s and women’s ready-to-wear clothing.
Fibre2Fashion News Desk (DS)
Made in Italy Fund is once again backing fashion, by recently acquiring the Dondup brand from the European and Asian Funds of L Catterton. Dondup is Made in Italy Fund's seventh investment and its fourth in the fashion sector. The purpose is to create an industrial group capable of encouraging synergy between Dondup and some of the fund's fashion portfolios.