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Latham Advises Chimera on Joint Venture with Haeres Capital

April 12, 2023
Creation of ChimHaeres establishes a new luxury and lifestyle player.

Latham & Watkins has advised Chimera Abu Dhabi (Chimera) on its joint venture with Haeres Capital (Haeres) to create ChimHaeres Investment Holding (ChimHaeres), an investment vehicle that will deploy its capital towards the acquisition and expansion of luxury and lifestyle brands, with a particular initial focus on Italy, France, Switzerland, and the United Kingdom.

ChimHaeres has just completed the acquisition of a majority stake in Zagato and 100% of Vionnet, and has agreed on an investment for a majority stake in Fogal. In addition, Haeres contributed to ChimHaeres’ majority equity stake in Borsalino. ChimHaeres will build on these initial investments to accelerate growth with a focus on international expansion, digital transformation, and sustainability.

The team was led by Dubai partner Eyad Latif and counsel Omar Maayeh, with associates Farah El-Masri and Rehab Abdelwaheb.