Our investments

Tuscan Escapes acquires Hotel Giardino in Livorno: strategic redevelopment project under way.

The transaction promoted by Doveri Holding and Inghilesi Sviluppo e Partecipazioni aims to create an innovative three-star 'open-air' property ahead of the development of the city's new nautical hub.

Tuscan Escapes S.r.l., a company backed by Doveri Holding and Inghilesi Sviluppo e Partecipazioni, has completed the acquisition of Hotel Giardino in Livorno. The deal marks another step in its investment plan in Tuscan hospitality and real estate, focused on repositioning lodging assets in areas with strong infrastructure and tourism growth.

The acquisition of Hotel Giardino fits an investment approach with significant revaluation potential. The property stands in an area set for deep urban transformation driven by the new Livorno tourist port, an infrastructure project that will redefine the city's waterfront and attract new flows of yachting, tourism and related commercial activity.

Tuscan Escapes' strategy is to get ahead of the neighbourhood's urban regeneration cycle, giving the city a modern lodging product able to meet growing demand linked both to the new marina and to the traditional maritime, business and cultural flows of the Tuscan coast.

The building will undergo a radical architectural, functional and systems upgrade. The development concept aims to create a distinctive guest experience that is hard to replicate in the three-star segment.

The project enhances the property's outdoor spaces with extensive shared green areas, shaded dehors and open-air lounge zones designed for guest relaxation, remote work in a natural setting and outdoor breakfast.

The refurbishment will incorporate high standards of energy efficiency and essential, welcoming design finishes, positioning the hotel at the top of the three-star category for value for money and perceived comfort.

The initiative strengthens strategic collaboration between Doveri Holding and Inghilesi Sviluppo e Partecipazioni, combining financial expertise, real-estate development vision and deep knowledge of the economic fabric of the Tuscan coast. "With Tuscan Escapes and the acquisition of Hotel Giardino, we intend to deliver a contemporary hospitality model that is accessible yet strongly distinctive. Proximity to the future tourist port will radically change the character of this urban quarter: our answer is a project built on private greenery, architectural quality and maximum liveability for guests."

Doveri Holding and Inghilesi Sviluppo e Partecipazioni invest in Real Italian Cars.

A strategic partnership to accelerate bespoke excellence in classic-car restoration.

Doveri Holding and Inghilesi Sviluppo e Partecipazioni have formalised a joint investment in Real Italian Cars, the Tuscan atelier based in Fornacette that has become an international reference point for bespoke restoration, customisation and the export of classic Italian vintage cars, with a particular focus on the iconic Fiat 500.

Doveri Holding and Inghilesi Sviluppo e Partecipazioni will support founding partner Mattia Vita on a path of structured growth and corporate consolidation. The primary focus will remain on exclusivity and made-to-measure bespoke service, preserving limited, high-quality volumes.

The company intends to consolidate and strengthen its commercial presence in key high-purchasing-power markets (United States, Palm Beach, the Hamptons, the United Kingdom, Switzerland and Asia), while continuing to promote and protect the skilled craftspeople of the Fornacette and Lucca area. The entry of the two Tuscan investors is based on a clear strategic vision: to turn a craft excellence into a global lifestyle-collecting brand, without yielding to mass production.

In contemporary collecting and high-end restomod, value is not driven by scale but by uniqueness, restoration precision and the care taken with the customer experience. The planned path aims to strengthen the atelier's operational solidity and structure, keeping volumes selective and tightly controlled so that every completed car remains a one-of-a-kind collector's piece.

Real Italian Cars' operational heart remains firmly anchored in its Tuscan workshops, where master body specialists and mechanics carry out full frame-off restorations. The investment will optimise the search and selection of original vintage bodies, further raise standards for interior and exterior finishes (from bespoke leather trim to nautical-wood details on Spiaggina Marina versions) and refine mechanical components to ensure maximum reliability.

The partnership between Doveri Holding and Inghilesi Sviluppo e Partecipazioni, now more than a decade old, reflects a commitment to investing in projects that combine Tuscan roots and manufacturing identity with the ability to compete in global markets. "Investing in Real Italian Cars means believing in the timeless value of authentic Made in Italy and top-tier Tuscan craftsmanship. The goal is not high volume, but to position the atelier among the world's absolute benchmarks for bespoke collecting, offering a select clientele an irreplaceable masterpiece of design, style and manufacturing quality."

Doveri Holding invests in the Fare Trend S.r.l. cosmetics platform.

The aggregation of TrendColor, Inunup and New Cosmesy creates an integrated player with over €65 million in revenue.

Doveri Holding has completed its entry into the share capital of Fare Trend S.r.l., the holding company established to build an industrial platform of excellence in third-party cosmetic production (CDMO – Contract Development and Manufacturing Organization). The transaction brings together three established names in the Italian beauty sector: TrendColor (specialising in high-end make-up), Inunup (focused on emulsions, skincare and contract manufacturing) and New Cosmesy (a leader in compact powders, anhydrous products and fragrances).

Doveri Holding's investment in Fare Trend rests on strategic industrial and financial pillars identified through business and market analysis. The global cosmetics market shows a growing tendency among major brands to outsource production: a very large share of worldwide make-up output is now entrusted to specialised third-party operators (CMO/CDMO). In this context, Italian manufacturers hold a niche global leadership position in the high-end cosmetics market, thanks to recognised excellence in formulations and manufacturing processes.

Emerging and independent cosmetic brands (indie brands), often linked to celebrities and digital channels, are the fastest-growing segment of the entire cosmetics industry, with estimated global market share rising from 21.4% (2019) to 33.2% by 2028 (CAGR +10.3%). The Fare Trend group already has a strong presence as a strategic supplier to leading international brands, offering innovative formulas at highly competitive prices.

The integration of TrendColor, Inunup and New Cosmesy creates a 360-degree offering capable of covering every product category in beauty.

This complementarity enables immediate commercial cross-selling synergies among existing customers, allowing brands to consolidate their orders with a single integrated industrial partner.

Under the transaction structure, Fare Trend S.r.l. holds 85.3% of the operating vehicle NewTrendUp S.r.l. (with the remaining 14.7% reinvested by the founding shareholders of the target companies), which in turn owns 100% of the three operating companies.

Doveri Holding participates in the acquisition of Millefili S.p.A. - a company among the leaders in Italy in the production of fine yarns for knitwear - through the Square Capital Club Deal, Deutsche Bank's new club deal solution. The investment is part of a portfolio diversification strategy where, alongside organic investments in directly managed companies, investments are made with qualified operators in sectors with high growth potential.

Square Capital Club, a club deal initiative launched and promoted by Deutsche Bank in Italy in 2024, announces that it has supported Armònia SGR S.p.A. in the acquisition of Millefili S.p.A. – a company among the leaders in Italy in the production of fine yarns for knitwear – from Alto Partners SGR S.p.A., the founding family and CEO Daniele Selleri.

Founded in 1981, with headquarters in Carpi and production facility in Tuscany, in the heart of one of the main Italian districts, Millefili develops and distributes fine yarns destined for major international brands, with particular focus on the knitwear world. The company boasts a consolidated presence in foreign markets and is recognized in the sector for offering highly personalized solutions, creativity, flexibility and the ability to offer a high level of service to its customers.

Millefili has recorded excellent performance in recent years, driven by significant investments in production capacity and strengthening of the managerial structure, reaching a turnover of approximately 70 million euros in 2024.

The joint project of Armònia and Square Capital Club aims to support Millefili in its strategic growth path and supply chain consolidation with the intention of further expanding and strengthening the product range.

Doveri Holding continues its investment diversification strategy by participating in the Made in Italy Fund II, the second Private Equity fund from Quadrivio & Pambianco, focused on the Fashion & Accessories, Design & Furniture, Beauty & Wellbeing, and Food & Beverage sectors.

The Italian fashion sector has always been a global benchmark for elegance, quality, and creativity. In an increasingly challenging competitive landscape, medium-sized companies in the Italian fashion, design, and beauty sectors have the potential to establish themselves globally thanks to their in-depth understanding of the key trends that will shape the future of the market.

By focusing on key success factors such as sustainability, personalization, omnichannel strategies, and above all, creativity and innovation, Italian companies can continue to write success stories on par with the renowned brands that make the Italian lifestyle recognizable around the world.

Doveri Holding invests in the L Catterton Europe V Feeder Fund, managed by the private equity firm Catterton, which has been focused on the world of consumer goods for 34 years. Since 2016, Catterton has been operating in partnership with LVHM, the global leader in high-quality products, and Groupe Arnault, the family holding of French entrepreneur Bernard Arnault.

A global leader in luxury, LVMH Moët Hennessy - Louis Vuitton owns a unique portfolio of over 60 prestigious brands. As part of the ongoing partnership, L Catterton enjoys a special relationship with LVMH and its family of brands, with both organizations actively collaborating in areas such as consumer insights, brand strategies, retail expansion, and economies of scale across the collective portfolio.

Recently, the fund concluded a deal with the Percassi family for the acquisition of a majority stake in Kiko, an Italian brand linked to the beauty industry.

Doveri Holding and Inghilesi Sviluppo e Partecipazioni embark on a new entrepreneurial venture together in the hospitality sector. Drawing on their experience in the field, they have founded Tuscan Escapes S.r.l., a company that has been operating in the tourism and hospitality sector since 2023.

The first investments involved two properties in the historic center of Lucca. The consolidation of these two investments will enable the company to pursue a path of expansion, always focused on the Tuscan region.

Doveri Holding is participating in the capital increase of MMI Inc. through the company Sambatech S.r.l., a vehicle company that holds approximately 6% of the Jacksonville-based company.

Founded by Giuseppe Prisco and Massimiliano Simi, both former students of the Scuola Superiore Sant'Anna, the company has developed the most advanced robotic microsurgery system in the world, covering a previously unexplored area of the robotic surgery market.

The capital increase, led by Fidelity Management & Research Company, is the largest investment ever made in microsurgery innovation. The funds will support the commercialization of the Symani® systems produced by the company, the company's global operational capabilities, and continued research in robotic super-microsurgery.

Doveri Holding invested in Sleepacta, a spin-off company of the University of Pisa, which was born from the experience of a team of researchers, doctors, and engineers who have been studying sleep for years, from its role in the modulation of sports performance to its clinical impairment.

Sleepacta aims to contribute to people's well-being by increasing awareness of the importance of good sleep for health, simplifying the way it is measured through the development of innovative, large-scale screening techniques and technologies, capable of defining a new sleep atlas that can support the diagnosis and treatment of disorders that are often under-diagnosed.