Groupe Chaumont: New 360-Degree Supplier for the Watch Industry
Vam Investments, a private equity firm specializing in buyout investments and buy-and-build strategies, has announced the formation of Groupe Chaumont. The goal is to become the preferred supplier to watchmakers.
The founding of Groupe Chaumont follows the completion of the acquisition of four Swiss companies—Efteor, Le Composant, Télôs Watch, and Henri Robert—all of which are highly specialized in the design and manufacture of movements and components for the Swiss luxury watch industry. The entrepreneurs will contribute their shares to Groupe Chaumont, thereby becoming shareholders in the new company, while continuing to manage their respective businesses.
“We look forward to welcoming new partners to Groupe Chaumont as we continue to expand the group’s range of products and services,” said Léonis Tafaj (Efteor and Le Composant).
Marco Piana, Managing Partner of Vam Investments, comments: “The decision by the founding entrepreneurs to reinvest a significant portion of their proceeds and become shareholders in the group is a key feature of the transaction and a strong vote of confidence in the project. We are convinced that this is the most effective model for fostering the growth of each individual company within a collaborative platform—supported by a professional management team capable of expanding their respective areas of expertise, preserving their identities, and strengthening their unique know-how.”
Umberto Macchi di Cellere will become CEO of Groupe Chaumont. The former managing director of Bulgari Watches, former head of sales for the Bulgari Group, and former CEO of the Tod’s Group had launched the initiative together with Vam Investments. The group’s headquarters will be located in Neuchâtel, Switzerland.
“The luxury watch market demands components of the highest quality and precision. With this in mind, Groupe Chaumont aims to be an industrial partner that brings together outstanding expertise under one Swiss umbrella—from cases to movements, from cutting tools to the development of complications. Our goal is to build an industrial group in which outstanding companies—deeply rooted in the ‘Swiss Made’ tradition and led by talented entrepreneurs—can share their experience, expertise, and resources. “Together, we will create the leading platform for luxury watchmaking components,” explains Umberto Macchi di Cellere.
