Made In Italy Fund acquires Dondup
Made in Italy Fund is once again backing the fashion sector, doing so by acquiring the Dondup brand from the European and Asian Funds of L Catterton. Terms of the transaction were not disclosed.
Managed and promoted by Quadrivio & Pambianco, the Made in Italy private equity fund has upped its fundraising target from 200 million euros (more than 70% 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% Made in Italy men’s and women’s ready-to-wear clothing. The label offers a contemporary style: hinged on well-developed forms and materials, it plays tribute to denim culture, with an attention to detail typical of haute couture.
Dondup is Made in Italy Fund’s seventh investment and its fourth in the fashion sector.
The purpose of the takeover is to create an industrial group capable of emphasizing and encouraging feasible synergies between the acquired firm and some of the fund’s portfolio entities active in the fashion segment.
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.
The strategies pursued include the sharing of initiatives of a production, marketing and communication nature, aimed at activating processes and with the scope to foster sustainability in the medium and long term.