IGI Sgr

What IGI Sgr does

IGI SGR SpA, doing business as IGI Private Equity, is a Milan-based, Banca d'Italia-supervised asset management company founded in 1998 that invests exclusively in Italian mid-market manufacturing companies through leveraged buyouts and majority-stake acquisitions. The firm raises closed-end private equity funds (latest flagship IGI Investimenti Sei raised €170 million; prior vintages include IGI Investimenti Quattro, Cinque, and Cinque Parallel) and targets gross returns of 2.5x to 3.0x on invested capital. The investment thesis is to acquire control (typically 60-100%) of export-led Italian manufacturers with leadership positions in niche industrial verticals — packaging machinery and film (Fabbri Vignola, Nuovaplast), seeds and garden (Blumen), linear motion (Rollon), telecom/broadcasting fastening systems (Fi.Mo.Tec), accessibility lifts (Vimec), specialist logistics (Bracchi), industrial testing (Test Industry), fasteners for Oil & Gas and Power Generation (OME Group), gearboxes (Tramec), water filtration plants (Matec Industries), heat exchangers (ThermoKey), and customised bearings (Meter) — partnering with founder-entrepreneurs who reinvest as shareholders and continue as CEOs.

Name

IGI Sgr

Legal name

IGI SGR SpA

Website

http://www.igisgr.it

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

IGI SGR is a Milan-based Italian private equity firm founded in 1998 that invests via leveraged buyouts in niche-leading Italian mid-market manufacturers, targeting 2.5x-3.0x returns through a series of closed-end funds including the €170M IGI Investimenti Sei.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (52394)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

• Private equity
• Leveraged buyouts
• Asset management
• Mid-cap investing
• Italian manufacturing

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management: IGI generates revenue through management fees and carried interest from its private equity funds including IGI Investimenti Quattro, Cinque, Cinque Parallel, and Investimenti Sei. The firm targets returns of 2.5x to 3.0x on invested capital through EBITDA incrementation, targeted M&A operations, deleverage, and improved competitive positioning of portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

IGI SGR SpA manages private equity funds (IGI Investimenti Quattro, Cinque, Cinque Parallel, Sei, and the Sustainable Transition Fund) that acquire controlling stakes through leveraged buyouts and management buyouts in Italian manufacturing companies. The firm partners with management teams to drive EBITDA growth, targeted M&A, deleverage and improved competitive positioning, targeting returns of 2.5x to 3.0x on invested capital. Revenue is generated from management fees and carried interest on committed and deployed fund capital.

Product overview

IGI Sgr is a private equity firm, not a technology product company. The company operates as an asset management firm that acquires majority stakes in Italian manufacturing companies through leveraged buyouts. Their core offering consists of investment funds (IGI Investimenti Quattro, IGI Investimenti Cinque, IGI Investimenti Cinque Parallel, IGI Investimenti Sei, IGI Sustainable Transition Fund) that invest in small and mid-cap Italian industrial manufacturers across various sectors including packaging, machinery, logistics, and industrial equipment.

Differentiator

Problem solved

Functional benefit

Products and services

• IGI Investimenti Quattro Private equity fund managed by IGI SGR for majority-stake investments in Italian manufacturing companies, used to acquire Gruppo Fabbri Vignola in 2011.
• IGI Investimenti Cinque Private equity fund managed by IGI SGR used for investments including FI.MO.TEC. (2015), Vimec (2015, with NEIP III), and Bracchi (2016). Fund size around €150 million.
• IGI Investimenti Cinque Parallel Parallel fund vehicle alongside IGI Investimenti Cinque used for co-investments in IGI portfolio transactions including FI.MO.TEC.
• IGI Investimenti Sei Current flagship private equity fund of IGI SGR, with €170 million raised. Used for investments in Test Industry, Nuovaplast (2019), OME Group, Tramec (2021), Matec Industries (2022) and Meter (2024).
• IGI Sustainable Transition Fund Private equity fund for sustainable transition investments managed by IGI SGR, part of the firm's responsible investment strategy.

Quantifiable outcome

• Returns of 2.5x to 3.0x on invested capital
• +1 more outcomes

Named customers13 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• PrometeiacoreStrategic or Co-development Partner · 13 November 2023Partnership to assess climate risk exposure of investment portfolio. Prometeia provides ESG due diligence support and ongoing monitoring of portfolio companies' climate risk profiles.
• PrometeiacoreStrategic or Co-development PartnerPartnership with Prometeia to assess the exposure of IGI's investment portfolio to climate change risks. The collaboration extends ESG analysis to include climate risk assessment both in due diligence and through periodic monitoring. Prometeia applies a comprehensive climate risk assessment model covering transition and physical risks.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tamburi Investment Partners: Listed Italian investment/merchant banking firm focused on mid-to-large cap Italian companies, often via club deals and direct investments. Highly comparable to IGI in target geography (Italy) and mid-market industrial focus, with a more equity capital markets flavor.
• Investindustrial: Pan-European mid-market private equity firm with deep Italian roots and a long history of investing in Italian industrial SMEs. Directly comparable to IGI in mid-market LBO strategy, sector focus on industrial/consumer, and Italian deal origination.
• Clessidra: Italy-focused mid-market private equity firm investing in Italian companies with international growth potential. Highly comparable in target market, ticket size range, and focus on Italian family/founder-owned industrials.
• Wise Equity: Italian mid-market private equity firm focused on majority stakes in Italian SMEs. Directly comparable to IGI; notably, Wise Equity was a buyer of IGI's portfolio company Fimo in 2020, illustrating the active secondary market among Italian mid-market sponsors.
• Charme Capital Partners: Italian mid-market private equity firm investing in Italian SMEs with international exposure, often partnering with entrepreneurs and founders. Comparable in target geography, ticket size, and mid-market LBO approach to IGI.
• Synergo SGR: Italy-based private equity firm that co-invested with IGI on historical deals (e.g., Valvitalia in 2007) and where IGI's current CEO Matteo Cirla was previously a Partner. Closely comparable in Italian mid-market buyout strategy and industrial focus.
• Chequers Capital: French mid-market private equity firm that has co-invested with IGI on multiple Italian deals (Rollon, Vimec, Valvitalia). Comparable as a mid-market European buyout firm with similar ticket sizes and an industrial/B2B services focus.

Broad incumbents

• Ardian: Global private investment house with a very active Italian mid-market practice. Comparable as a competitor in Italian buyouts (it previously owned Rollon, which IGI bought in 2013), though significantly larger and more diversified across strategies and geographies.
• NB Renaissance: Italian mid-market private equity platform originally spun out of Neuberger Berman, focused on Italian SMEs. Comparable in target geography and mid-market industrial focus, though operating as part of a much larger global asset manager.

Regional players

• Finint (NEIP III fund): Italian financial group managing private equity, credit and advisory activities, with NEIP III having co-invested with IGI in Vimec. Comparable as a domestic Italian PE capital provider and co-investor to IGI's funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/igi-sgr

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IGI Sgr