(PrivateEquityCentral.net) Ferrari chairman and chief executive officer Luca Cordero di Montezemolo announced today he has raised E110m in a first close for a private equity fund that will invest in the Italian consumer goods, media, and entertainment sectors.
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Founding limited partners in the Charme fund, which is targeted at E150m, include institutions Deutsche Bank, Unicredito Italiano, and Monte dei Paschi di Siena, as well as Diego della Valle, founder of Tod's and president of Florence's Fiorentina soccer team.
