Mirabaud Acquires a Majority Stake in Monyco

Mirabaud Patrimoine Vivant has acquired a majority stake in Monyco, a company focused on the installation of luminous materials for watchmaking.

Based in La Chaux-de-fonds, Monyco, whose “watch urbanism” is listed on the UNESCO world heritage list, serves 120 international clients including the largest watchmakers.

This investment is a perfect fit to Mirabaud Patrimoine Vivant’s mission of supporting the development of European houses possessing unique know-how, alongside outstanding managers. The investment is in the form of a merger between Monyco and Korloff Paris – a Parisian diamond dealer, of which Mirabaud Patrimoine Vivant has been a shareholder since 2019. Mirabaud’s investment will also help develop Monyco’s creative dimension and client experience, with an in-house team of three artists already offering the option of creating personalised decors or small production runs.

Renaud Dutreil, Head of Private Equity at Mirabaud Asset Management and manager of Mirabaud Patrimoine Vivant said, “For Mirabaud Patrimoine Vivant’s first investment in Switzerland, we have chosen a field particularly close to our hearts; artistic craftsmanship applied to watchmaking, which adds creativity and technicality. The processes tested by Monyco make it possible to create real living jewels and open the door to new promising artistic collaborations.”

For all Swiss law aspects, the shareholders of Monyco were assisted in this operation by Python Avocats. The deal was lead by Manuel Moor (pictured).