Borletti Group

Maurizio Borletti

Maurizio Borletti

Maurizio co-founded Borletti Group with Paolo De Spirt in 2005. He was previously the majority shareholder and CEO of silverware manufacturer and retailer Christofle, where he led the turnaround and development of the company (€100m sales, 900 employees and 50 shops). In 2005 Maurizio initiated and led the consortium (Pirelli, DB and Investitori Associati) that purchased la Rinascente. Maurizio graduated from Bocconi University in Milan. He speaks, Italian, English, French, Spanish and Portuguese.
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Paolo De Spirt

Paolo De Spirt

Paolo co-founded Borletti Group with Maurizio Borletti in 2005.
He was previously the president and CEO of French fashion house Emanuel Ungaro SA and the Group Business Development Director of luxury goods group Ferragamo.
From 1987 until 1998, Paolo worked in the Investment banking division of Deutsche Bank Ag. in London, Frankfurt and Milan. Between 1999 and 2002, Paolo was the Founder and CEO of S&C Group, the German retail group. Paolo graduated in 1987 from the University of Buckingham (Business School). He speaks Italian, English, German and
French.
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Estelle Fornallaz

Estelle Fornallaz

Estelle joined Borletti Group in 2007and is the Partner heading the Private Equity activities of Borletti Group.
Her 17 years of experience in corporate strategy and business planning allows Estelle and her team to identify the most promising investment opportunities in Borletti Group target industries, and provide to the management of the portfolio companies, relevant support and advice on value creation initiatives.
Prior to joining Borletti Group, Estelle spent 10 years as in strategy consulting at Mitchell Madison Group and A.T. Kearney, where, as a senior manager, she provided operational and strategic advice to international clients in the consumer goods, retail and luxury sectors.
Estelle gained her MBA in 1997 from the Essec Business School, Paris.
She speaks French, English and Italian, with a good understanding of German.
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Gotzon de Gandiaga

Gotzon de Gandiaga

Gotzon joined Borletti Group in 2013 and is the partner heading the public funds activity of Borletti Group.
He previously spent 20 years at Morgan Stanley where he setup, lead and managed multiple businesses for the Institutional Equity Division. Gotzon’s experience spans from equity and equity derivatives to multi asset instruments and strategies.
Gotzon graduated from Universidad Iberoamericana in Mexico in 1992 before taking a Master’s Degree in Financial Engineering at the EM Lyon, France. He speaks Spanish, French and English.
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Capucine Pegoix

Capucine Pegoix

Capucine joined Borletti Group in 2013 and she is a manager in the Private Equity team. She previously worked as an analyst at Brookfield Financial in London where she identified and advised on investment opportunities, including the acquisition by KSL Capital Partners of 27 UK hotels including Malmaison and Hotel du Vin.
Capucine holds a Master’s Degree in Economics and Management, awarded in 2007 by Paris IX-Dauphine University. She then went on to gain a Master’s of Laws from Aix-en-Provence University and a Special Master’s in Finance from the ESCP-EAP European School of Management in London.
She speaks French, English with a good understanding of Spanish.
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Sara Airini

Sara Airini

Sara Airini joined Borletti Group in 2017 as director, leading the development project of The Market Outlet Experience, with more than 15 years’ of experience in Corporate Finance and Business Development. She starts her professional career in 1997 in the M&A department of Fiat Group as financial analyst. In 2001 she joins the Italian Investment Bank Meliorbanca as senior financial analyst. In 2003 moves in real estate industry working for Realty Partners, a consultant company acting as global advisor for Prelios SGR and then for Zero SGR, a fund management company focused on development and management of real estate speculative funds.
Sara holds a Master Degree in Economics, awarded in 1997 at the University of Turin. In 2014 she got a Global MBA at Manchester Business School. She speaks, Italian, English with a good understanding of German and French.
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Matteo Novelli

Matteo Novelli

Matteo joined Borletti Group in 2013 as a managing director to set up the Asset Management division with Gotzon.
Matteo has 15 years of experience as a fund manager and a financial analyst. Prior to joining Borletti Group, Matteo worked for seven years as a portfolio manager at Republic Asset Management and Compagnie Financière de Deauville, for eight years as a financial analyst at Exane BNP Paribas and for two years as an auditor with Mazars. In 2008, he set up his own investment boutique which he then sold in 2013.
Matteo graduated from Bocconi University in Milan and holds a Masters from H.E.C in Paris. He speaks Italian, French, English and Spanish.
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Tomasz Czarnowski

Tomasz Czarnowski

Tomasz joined Borletti Group in 2016 as head of accounting and administration manager.
He previously worked as an Investment Controller at Dorwood SA, where he was responsible for the reporting of the investments in fixed income, stocks, derivatives, private equity, venture capital and real estate.

Tomasz is a Fellow Member of the Association of Chartered Certified Accountants (ACCA) and holds Master’s degree in Accounting and Corporate Finance awarded by University of Finance and Management of Bialystok, Poland.

He speaks Polish, English with good understanding of German and Russian and elementary understanding of Luxembourgish.
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Jean Martin Stoffel

Jean Martin Stoffel

Jean Martin joined Borletti Group in 2006 and is the financial director of the group. He holds other high-level positions, including managing director of Radices Fiduciam S.A. and chief executive of Digitaria International S.A.
Prior to this, Jean Martin worked for Interporto Bologna S.p.A. in Italy where he led the management of European research projects in the field of transportation and logistics.
He holds a Master’s degree in Applied Business Sciences from the Université catholique de Louvain in Belgium. He speaks Luxembourgish, French, German, English and Italian.
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Rossana Gatti

Rossana Gatti

Rossana joined Borletti Group in 2013 as the office manager in Luxembourg, responsible for all office organization.
Previously, Rossana was a freelance journalist for PassaParola, the only Italian language magazine in Luxembourg. This followed 12 years working at la Rinascente, the luxury Italian department store chain, where Rossana held roles including PR and events manager.
Rossana speaks Italian, fluent in English, and also speaks French with elementary understanding of German and Luxembourgish.
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Cindy Zehner

Cindy Zehner

Cindy joined Borletti Group in 2017 as the accountant and administrative assistant and office manager in Luxembourg.
She previously worked as an accountant and administrative officer in a Management company, Quaestio Investment SA. Cindy was the responsible towards the Luxemburgish Regulator, Cssf to report Accounting data on behalf of the company.
After being awarded for Master’s Degree in Business Administration in Nancy University in 2010, she acquired dual competences in finance and management through her previous experiences.
She speaks French, Italian and English.
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