SPAIN - Iame shuts down fundraising

The fund had initially received interest from Spanish and Mexican family offices, Middle Eastern investors, and institutional investors such as banks, pension funds and funds-of-funds. However, the interest failed to materialise into actual commitments.

The vehicle was designed to invest in 15-20 targets taking majority positions in Spanish fashion, jewellery, and leather businesses with the intention of creating a holding much in the style of LVMH. At the time of launch the fund had 15 deals undergoing due diligence.

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• Southern Europe