WRM Group
WRM Group is a private independent investment group founded in 2009, specialising in event-driven Private Equity, Real Estate, and Special Situations across Europe. It operates through regulated entities in Luxembourg (AIFM), the UK (FCA advisory), and Italy (real estate services), serving institutional and professional investors.
- Company typePrivate
- Founded2009
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What WRM Group does
WRM Group is a privately held independent investment group founded in 2009 by Raffaele Mincione, headquartered in London with offices in Milan and Luxembourg. The Group specialises in Private Equity, Real Estate, and Special Situations with an event-driven, value-oriented strategy focused on distressed and complex cross-border situations, primarily across Italy, the UK, Luxembourg, and Switzerland. Its 15-year track record includes restructurings and investments in financial institutions (Banca Carige, Banco BPM), retail and consumer goods (Auchan Retail Italia/Margherita Distribuzione, Kipre Group), real estate (London prime assets, Badrutt's Palace Hotel), infrastructure (Retelit, Project Luce renewable energy NPLs), and fintech (TAS Group).
WRM Group operates through four core subsidiaries: WRM Capinvest (FCA-regulated financial advisory in London), WRM Capital Asset Management (CSSF-regulated European AIFM in Luxembourg running the regulated fund platform), WRM Real Estate Services (property, facility, building, and construction management in Milan), and WRM Services (internal HR, legal, M&A analysis, accounting, communications). Revenue is generated through management fees and carried interest on Luxembourg/Italian alternative investment funds covering Real Estate, Private Equity, Special Situations, and Fixed Income strategies; advisory fees from WRM Capinvest to Group companies and third-party clients; and professional service fees from the Italian real estate services entity.
The Group's go-to-market is institutional: WRM Capital distributes funds to institutional investors (pension funds, sovereign wealth funds, insurance, family offices) and professional investors under AIFMD-compliant structures, while advisory and real estate services are sold directly to fund managers and corporate clients. Recent strategic activity includes a 2023 joint venture (Bright Storage SpA) with Redelfi to develop 2.8 GW of Battery Energy Storage System projects in Italy, a 2022 renewable energy JV with AXPO Italia, and continued platform buildout including the 2022 launch of WRM Services and senior compliance and investment hires through 2024.
WRM Group firmographics
Firmographics- Name
- WRM Group
- Legal name
- WRM Group
- Website
- https://wrmgroup.net
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WRM Group is a private independent investment group founded in 2009, specialising in event-driven Private Equity, Real Estate, and Special Situations across Europe. It operates through regulated entities in Luxembourg (AIFM), the UK (FCA advisory), and Italy (real estate services), serving institutional and professional investors.
- Ownership category
- akta.pro rank
WRM Group industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Other Financial Vehicles (525990), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Portfolio Management and Investment Advice (52394)
- SIC
- Finance Services (6199), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Business Services (B2B) Growth Equity (FSANACAD)
- akta.pro secondary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where WRM Group is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
WRM Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Alternative Investment Fund Management: WRM Capital Asset Management manages Luxembourg and European alternative investment funds, charging management fees and performance fees (carried interest) typical of PE/RE fund structures. The firm offers funds with strategies dedicated to Real Estate, Private Equity, Alternative Investments, Special Situations and Fixed Income.
- Financial Advisory Services: WRM Capinvest provides strategic and financial advisory services including origination of business opportunities, due diligence, and structuring and execution of complex investment transactions to Group companies and third-party clients.
- Real Estate Property & Facility Management: WRM Real Estate Services provides property management, facility management, building & condominium management, and construction management services to real estate investment funds and other investors.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
WRM Group product offering
Product offeringCore offering
WRM Group is an independent investment group founded in 2009 that manages alternative investment funds and delivers financial advisory and real estate management services through four operating subsidiaries. It pursues event-driven, value-oriented strategies across Private Equity, Real Estate, and Special Situations, with a focus on distressed and complex investment situations across Europe. The Group also provides integrated property management, facility management, and construction management services to its real estate investment funds.
Product overview
WRM Group operates as an independent investment group offering a multi-platform investment management structure. The Group consists of four main subsidiaries: WRM Capinvest (FCA-regulated financial advisory in London), WRM Capital Asset Management (CSSF-regulated AIFM in Luxembourg managing regulated alternative investment funds), WRM Real Estate Services (property and facility management in Milan), and WRM Services (integrated support services including HR, legal, M&A analysis, and accounting). These entities work together to provide comprehensive investment solutions across Private Equity, Real Estate, and Special Situations strategies.
Differentiator
Problem solved
Functional benefit
Products and services
- WRM Capital Asset Management Alternative Investment Funds Regulated Luxembourg and Italian alternative investment funds managed under AIFMD, covering strategies in Real Estate, Private Equity, Alternative Investments, Special Situations, and Fixed Income, offered to institutional and professional investors via the CSSF-licensed AIFM WRM Capital Asset Management S.à r.l.
- WRM Capinvest Financial Advisory Services Strategic and financial advisory services delivered to Group companies and third-party clients, covering origination of business opportunities, due diligence, and structuring and execution of complex investment transactions. Provided by FCA-regulated WRM Capinvest Ltd in London (FCA reference 601268).
- WRM Real Estate Services (Property & Facility Management) Integrated property management, facility management, building & condominium management, and construction management services delivered in Milan to real estate investment funds and other investors, with deep expertise in the retail and commercial sector.
- WRM Services Integrated Support Integrated management services including human capital management, legal, investment analysis (M&A), performance audit, accounting, and external communications, provided internally to other WRM Group companies.
Quantifiable outcome
- Acquisition and successful restructuring of Kipre Group (leading PDO ham producer) from distressed financial position
- +3 more outcomes
Companies that use WRM Group
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles4 records
WRM Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
WRM Group partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Redelfi S.p.A.coreRedelfi S.p.A. (listed on Euronext Growth Milan) and Flash S.r.l. (WRM Group) created Bright Storage S.p.A. joint venture for development of 2.8 GW stand-alone Battery Energy Storage System (BESS) projects in Italy over five years. Redelfi holds 51%, Flash holds 49%. This marks Redelfi's entry as developer in the Italian BESS market.
- Fabio MorvilliminorWRM Capital Asset Management entered a collaborative agreement with Fabio Morvilli, a leading expert on Luxembourg institutional, economic, and financial matters. He contributes to critical initiatives under consideration by WRM CAM's executive committee.
- Gruppo AXPO (AXPO Italia Group)coreWRM Group and AXPO Italia Group signed an agreement for a joint venture focused on researching and developing new activities in renewable energy production and energy efficiency, with specific focus on Large-Scale Mass Retailers (GDO).
- Ludoil S.p.A.minorWRM Group assisted Margherita Distribuzione in the sale of Iperstaroil Srl (29 petrol stations, 220M litres annual turnover, 320M EUR revenue) to Ludoil S.p.A., deal announced in April 2021.
- Illimity Bank S.p.A. (through VEI Green II SpA JV)minorIllimity Bank S.p.A. through Spicy Green securitisation vehicle (constituted with VEI Green II SpA) purchased a portfolio of distressed loans (Project Luce) from WRM Group. The portfolio consisted of 187 million EUR in distressed loans from leasing contracts and medium-long term loans backed by 90 MWp photovoltaic plants.
- Rigamonti Salumificio (JBS Group)minorRigamonti Salumificio (part of JBS Group) acquired King's brand and 4 production plants from WRM Group's Kipre Group reorganisation. This completed the complex financial, industrial and operational restructuring of Kipre Group.
- CONADcoreWRM Group and CONAD (leading Italian retail chain with circa 19% market share) established a joint company to manage and enhance assets acquired from Auchan Retail Italia. The partnership implemented a turnaround plan to safeguard Auchan's activities and all stakeholders.
- Mediocredito Italiano (Intesa Sanpaolo Group)minorWRM Group acquired a portfolio of non-performing assets (Project Luce) derived from leasing contracts and medium-long term loans from Mediocredito Italiano. The 187 million EUR portfolio was backed by photovoltaic plants.
Scale indicators11 records
Recent moves10 records
Expansion highlights5 records
WRM Group competitors and assessment
Company assessmentDirect peers
- Algebris Investments: Italy- and UK-based alternative asset manager with credit, special situations, and private markets strategies across Europe. Comparable to WRM in geographic focus, AIFM-style regulated platform, and event-driven/credit orientation.
- Hayfin Capital Management: London-headquartered alternative asset manager focused on direct lending and special situations across Europe. Highly comparable to WRM in European special-situations strategy and mid-market cheque size.
- Cheyne Capital Management: London-based alternative asset manager with European special situations and credit strategies. Comparable to WRM in event-driven value investing across distressed and complex situations.
- Muzinich & Co. European and US corporate credit and special situations manager with institutional AIFM-style distribution. Comparable to WRM in private-credit and special-situations focus across European markets.
Emerging players
- Anthilia Capital Partners: Italy-focused asset manager with private debt, PE, and alternative strategies. Comparable to WRM in Italian alternative investment product offering though with smaller AUM scale.
- Anacap Financial Partners: London-based European PE firm specialising in financial services and special situations. Overlaps with WRM in European mid-market special-situations investing across regulated industries.
Broad incumbents
- Ardian: Major French-headquartered PE firm with established European special situations, private debt, and real estate platforms. Comparable to WRM in multi-strategy European alternative investing at materially larger scale.
- EQT: Swedish PE firm with European real estate, infrastructure, and private credit strategies. Comparable to WRM in combining PE, real estate and infrastructure under one regulated platform in Europe, at much larger scale.
- Partners Group: Swiss-headquartered global private markets investment manager with diversified PE, real estate, infrastructure, and credit strategies. Comparable to WRM in broad multi-strategy private markets platform at materially larger scale.
- Eurazeo: French-listed PE firm with European mid- and large-cap PE, real assets, and private debt strategies. Comparable to WRM in European mid-market focus and blend of PE and real estate exposure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
WRM Group social profiles
Digital presenceWRM Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
WRM Group leadership team
Management profileNumber of profiles
Profiles20 records
WRM Group subsidiaries and ownership
Company hierarchySubsidiaries9 records
WRM Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WRM Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WRM Group
What does WRM Group do?
WRM Group is an independent investment group founded in 2009 that manages alternative investment funds and delivers financial advisory and real estate management services through four operating subsidiaries. It pursues event-driven, value-oriented strategies across Private Equity, Real Estate, and Special Situations, with a focus on distressed and complex investment situations across Europe. The Group also provides integrated property management, facility management, and construction management services to its real estate investment funds.
Is WRM Group a public or private company?
WRM Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was WRM Group founded?
WRM Group was founded in 2009. It employs 11 to 50 people.
Where is WRM Group based?
WRM Group is headquartered in London, United Kingdom, in the Europe region.
How does WRM Group make money?
Three revenue lines are on record. Alternative Investment Fund Management is the primary driver. The others are financial Advisory Services and real Estate Property & Facility Management.
Who are WRM Group's main competitors?
Direct peers on record are Algebris Investments, Hayfin Capital Management, Cheyne Capital Management and Muzinich & Co.. Emerging players are Anthilia Capital Partners and Anacap Financial Partners. Broad incumbents are Ardian, EQT, Partners Group and Eurazeo.
Does WRM Group have an API?
No public API is recorded for WRM Group.
What industry is WRM Group in?
WRM Group's product category is Alternative Asset Management. Its primary akta.pro industry code is FSANACAD, Business Services (B2B) Growth Equity, with a secondary code of BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 525990 and its SIC code is 6199.