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Family HoldingPuts its own capital into companiesLAST VERIFIED Oct 2026 · 7 SOURCES

Garmon

Also known as Garmon S.p.A., San Quirico, San Quirico S.p.A., Gruppo San Quirico

Genoa holding of the Garrone and Mondini families (formerly San Quirico): tops the ERG control chain via SQ Renewables and controls luxury-supply group MinervaHub (about 75%).

USEFUL FOR Co-investors

Genoa holding of the Garrone and Mondini families (formerly San Quirico S.p.A.), top of the ERG control chain. Not the Tuscan town San Quirico d'Orcia.

Family & background

FAMILY
Garrone and Mondini
WEALTH ORIGIN
Energy (ERG)
HEADQUARTERS
Genoa, Italy
OUTSIDE CAPITAL
No — own capital only

Investment approach

SECTORS
Climate & EnergyConsumer & E-commerce
ROUTES
Companies (own capital)
STRATEGIES
Direct investments
LATEST DEAL
MinervaHub (Investment agreement for about 75% of MinervaHub (signed April 2023)) · Apr 2023

Overview

Garmon S.p.A., formerly San Quirico S.p.A., is the holding of the Garrone and Mondini families. CONSOB's relevant-shareholdings page for ERG lists Garmon (formerly San Quirico) at the top of the control chain, holding 76.92% of ERG's voting rights through SQ Renewables, in which it has 51% alongside IFM Investors (49%). In April 2023 it agreed to take about 75% of MinervaHub, an Italian group of suppliers of finishes and materials for luxury accessories; an ERG director CV describes MinervaHub as controlled by San Quirico SpA.

Holdings & investments (2)

INVESTMENT ARMS & VEHICLES

  • SQ Renewables
    Sub-holding (51% Garmon, 49% IFM Investors) holding 62.5% of ERG
  • SQ Invest
    Investment office of the San Quirico group (per ERG director CVs); subsidiary of San Quirico (sole shareholder), partially demerged into San Quirico in the 2023 reorganisation

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

  • ERGNOTABLE
    Climate & Energy
  • MinervaHubNOTABLE
    Consumer & E-commerce · since 2023 · Majority stake (about 75%)

People

  • Giovanni Mondini
    Chairman of SQ Invest and of SQ Renewables · source
  • Paolo Arlandini
    CEO of SQ Invest (group investment office, since 2011) and of SQ Renewables (since 2025) · source
  • Edoardo Garrone
    Chairman of the Board of Directors · source

Frequently asked questions

Garmon is a family holding based in Genoa, Italy.

Garmon invests on behalf of the Garrone and Mondini family (Energy (ERG)).

Garmon invests its own capital into companies. Its stated asset mix includes direct investments.

Garmon invests in Climate & Energy and Consumer & E-commerce.

Key people at Garmon include Edoardo Garrone (Chairman of the Board of Directors), Giovanni Mondini (Chairman of SQ Invest and of SQ Renewables) and Paolo Arlandini (CEO of SQ Invest (group investment office, since 2011) and of SQ Renewables (since 2025)).

Garmon's holdings and investments include ERG and MinervaHub.

The most recent publicly reported investment by Garmon is MinervaHub (Investment agreement for about 75% of MinervaHub (signed April 2023)), announced in Apr 2023.

No. Garmon invests its own capital and does not raise money from outside investors.