Mirabaud Asset Management's private equity vehicle Patrimoine Vivant takes a stake in jeweller Mauboussin
Mauboussin was founded in 1827 and elevated to the peak of the jeweller's craft and style by successive generations of the Mauboussin family. It has always been associated with French lifestyle and has successfully expanded under current CEO Alain Némarq. Mauboussin is a perfect fit for the investment philosophy of Mirabaud Asset Management's Private Equity division which seeks to support classic French and European luxury business. The investment is pending approval by the French Competition Authority.
Lionel Aeschlimann, Managing Director of Mirabaud and Head of Asset Management, said: “The Mirabaud Group, whose first private equity fund is focused on living heritage companies, is delighted to be working with dynamic entrepreneurs through this change in Mauboussin's shareholder structure. The Galerie Lafayette group is a key player in the luxury and lifestyle market and we are confident that Mauboussin will take full advantage of what its new shareholders can offer.”
Renaud Dutreil, Head of Private Equity at Mirabaud Asset Management, added: “Following our investment in Le Coq Sportif, one of the oldest sports goods brands in France, our commitment to Mauboussin shows our confidence that French firms with roots in our history can innovate and expand internationally. We are equally delighted to work with the Galeries Lafayette group, which has successfully brought a host of French brands to a wider international clientele, and to underline our confidence in Alain Némarq, a key player in Mauboussin's growth."