Armònia holds first closing on €200m for maiden fund

The GP was founded by Sigieri Diaz della Vittoria Pallavicini, founder and managing partner at the investment company GWM Group. His new firm's debut vehicle is targeting €700m.

In addition to Armònia's partnership, several of GWM's shareholders also participated in the fundraising, including Luca Rovati from the Rovati family, founder of the pharmaceutical group Rottapharm; Francesco Chiappetta, former manager at Telecom Italia and Pirelli; and Alessandro Grimaldi, former financial director at Fininvest – and more recently co-founder and senior partner at Clessidra.

Investors
According to press reports, institutional investors committing capital to the fund include Generali, Poste Italiane, Unicredit, BPM and several pension funds.

The GP expects to raise a further €70m of commitments in July 2016.

Investments
Armònia intends to invest equity tickets in the €25-75m bracket in Italian SMEs operating in the food, luxury, pharmaceutical and lifestyle sectors. The fund is currently eyeing two investments in the fashion and healthcare sectors, according to reports.

The fund will also invest in debt instruments, including convertible bonds.

People
Armònia – Sigieri Diaz della Vittoria Pallavicini (chair); Luca Rovati, Francesco Chiappetta (vice-chairs); Alessandro Grimaldi (CEO); Dario Cenci (partner).

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• Buyout
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