MondeVita, the lifestyle and luxury division of Abu Dhabi-based holding company Mondevo Group, announced it has completed the acquisition of Raffaele Caruso S.p.A. from Lanvin Group. The deal was executed through MondeVita Italy S.r.l. and positions Caruso as the cornerstone asset in MondeVita’s luxury platform.
Founded in 1964 and headquartered in Soragna in Italy’s Parma province, Caruso is a manufacturer of luxury men’s tailoring that works with global fashion houses and also sells through the Caruso brand to a curated network of high-end menswear retailers. The company employs more than 450 artisans and reported annual revenue of about €35 million.
MondeVita said ITTIKAR, Mondevo Group’s AI native merchant bank focused on family offices, served as the exclusive advisor on the transaction. According to the announcement, ITTIKAR used proprietary AI agents to review hundreds of documents as part of due diligence across areas including financial statements, corporate governance, real estate, tax, workforce, and commercial contracts, with the aim of improving the speed and consistency of analysis and execution in a cross-border acquisition.
On leadership and governance, MondeVita said Fabio Brambilla will serve as Chairman of Caruso and MondeVita, while Marco Angeloni is confirmed as Chief Executive Officer and will become a minority shareholder. The existing management team and Creative Director Max Kibardin will remain in place. MondeVita also framed the acquisition as its first major investment and part of a broader plan to build a portfolio of heritage brands across luxury goods, premium beverages, hospitality, and wellness.
KEY QUOTES:
“Caruso embodies everything MondeVita stands for: authentic heritage, world-class craftsmanship, and a strong national identity with global resonance. What distinguishes this transaction is ITTIKAR’s role – from due diligence through execution, our AI-native capabilities enabled a level of analytical depth and speed that would not have been achievable through conventional approaches. This represents the future of dealmaking for family offices.”
Hussam Otaibi, Founder, Mondevo Group
“Caruso is precisely the type of business MondeVita was created to steward – a company where tradition, skilled craftsmanship, and brand identity converge into a first-class luxury product. The opportunity and ability to deploy ITTIKAR’s AI-native insight across the entire process, shaped both our conviction and the structure of this transaction. We now look forward to working alongside Marco Angeloni and his team in unlocking Caruso’s full potential, whilst continuing to build MondeVita’s luxury and lifestyle portfolio.”
Fabio Brambilla, Co-Founder And Chief Executive Officer, Mondevo Group
