Del Vecchio’s Billionaire Heir Gets €350 Million From Indosuez
Photographer: Massimo Di Vita/Mondadori Portfolio/Getty Images
The family office of billionaire Leonardo Maria Del Vecchio has signed a financing deal with a unit of Credit Agricole SA to boost investment capacity.
Indosuez Wealth Management, a subsidiary of the French lender, provided €350 million ($408 million) to LMDV Capital “to support selective investments in the industrial and real estate sectors, enhancing its existing portfolio as well as developing new initiatives,” according to a statement on Thursday.