Alto Partners sells 30% of management company

Mid-market firm Alto Partners has sold a minority stake of around 30% of its share capital to a group of new strategic shareholders, including industrial groups, family offices and entrepreneurs.

The buyers include Fineldo SpA, holding company of one of the largest Italian industrial groups active in the white goods industry - Indesit, listed on the Italian Stock Exchange - which in turn belongs to the Merloni family. Daniele Selleri, an entrepreneur based in Bologna active in the luxury and fashion sectors is also one of the new shareholders.

The GPs at Alto Partners said that the presence of the new shareholders is seen as a catalyst for generating exclusive investment opportunities in the key industries specifically targeted by the fund. Additionally the partnership is intended as a valuable access platform to sector specific expertise and management skills. At the same time as the announcement, Alto Partners also launched two regional subsidiaries in Bologna and Vicenza. The new offices, strategically located to tap into two of the most entrepreneurial and SME-reliant regions in Italy (Emilia Romagna and Veneto) represent a further step aimed at increasing a proprietary dealflow with a strong geographic focus.

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• Topics
• GPs
• Southern Europe
• Industrials