Clessidra Group

What Clessidra Group does

Clessidra Group is a Milan-based Italian alternative investment platform founded in 2003 and wholly owned by Italmobiliare SpA since 2016. The group operates three core subsidiaries: Clessidra Private Equity SGR (mid-market private equity, with the fourth fund Clessidra Capital Partners 4 closed in 2023 and capital commitments exceeding €3 billion), Clessidra Capital Credit SGR (private debt, distressed debt and special situations, with the Private Debt II fund targeting €225 million and the Clessidra Credit Recovery Fund active in NPL portfolios), and Clessidra Factoring (receivables management and credit services, reporting €646.5 million turnover in 9M 2024 and €7 million+ net profit in 2025). The platform is complemented by the Green Harvest fund, an SFDR Article 9 agrifood vehicle targeting €150 million that exceeded its target in 2026.

Clessidra serves Italian mid-market companies and SMEs across the full capital structure, providing growth equity, buy-and-build consolidation capital, direct lending, restructuring, and factoring solutions. Its customer base spans industries including food and beverage, manufacturing, industrial technology, fashion and luxury, hospitality, and frozen food retail; recent transactions include MiCROTEC (wood/food scanning), Sopran Ciodue (fire security), D.I.MAR./Sapore di Mare (frozen seafood retail), Everton and Eastern Tea (tea and infusions), Molino Nicoli (cereal products), Human Company (open-air hospitality), and Arredo Plast (plastic injection moulding). Distribution is exclusively B2B through dedicated investment teams originating deals via Italian entrepreneurial networks, alongside institutional investor relations across Europe.

The business model is multi-stream: recurring management fees on PE, Private Debt, Green Harvest, and Recovery funds (typically 1.5–2% of committed capital); carried interest on PE exits (historically ~20% above hurdle); interest income, origination fees, and management fees on credit funds; and factoring commissions, guarantee fees, and interest on advances in the Factoring subsidiary. ESG is integrated across the investment lifecycle. Supporting technology is limited to a digital Factoring on Demand portal and an internal whistleblowing platform (clessidragroup.integrityline.com); Clessidra is not a technology company and does not disclose proprietary AI/ML capabilities.

Name

Clessidra Group

Legal name

Clessidra Holding S.p.A.

Website

https://clessidragroup.it

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Clessidra Group is a Milan-based Italian alternative investment platform owned by Italmobiliare SpA, operating Private Equity (Clessidra PE SGR), Private Debt (Clessidra Capital Credit SGR), and Factoring subsidiaries to serve Italian mid-market companies and SMEs with growth capital, direct lending, restructuring, and receivables management solutions.

Ownership category

akta.pro rank

Product category

Private Equity / Alternative Asset Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Collection Agencies (561440)

SIC

Asset-Backed Securities (6189), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Private Credit — Structured Credit (CLOs, ABS, Private Securitizations) (FSAHAJAH)

akta.pro secondary industry

Structured Credit Distressed (CLO/ABS/RMBS/CMBS) Funds (FSANAKAJ)

Keywords

• Private equity management
• Private debt services
• Factoring solutions
• Alternative asset management
• Mid-market investments

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Private Equity Fund Management: Clessidra Private Equity SGR manages private equity funds investing in Italian mid-market companies. Revenue is generated through management fees (typically 1.5-2% on committed capital) and carried interest (20% of profits above hurdle rate). The firm has raised multiple funds including Clessidra Capital Partners 4 and the Green Harvest agrifood fund.
2. Private Debt/Credit Management: Clessidra Capital Credit SGR provides financing solutions to Italian SMEs through direct lending and credit funds. Generates revenue through interest income on loans, origination fees, and management fees on credit funds. The Clessidra Private Debt Fund II targets €225 million with a €300 million hard cap.
3. Factoring Services: Clessidra Factoring provides receivables management, factoring, and credit services to Italian enterprises. Revenue comes from factoring commissions (credit management fees, guarantee commissions), interest on advances, and processing fees. The company reported €646.5 million turnover in 9M 2024.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Clessidra Group is an Italian alternative investment platform that delivers private equity, private debt, and factoring solutions to mid-market companies, family-owned businesses, and special situations. It operates through three regulated subsidiaries—Clessidra Private Equity SGR, Clessidra Capital Credit SGR, and Clessidra Factoring—providing capital across the corporate lifecycle from growth to restructuring. The firm also runs thematic strategies such as the Green Harvest Fund for agri-food investments.

Product overview

Clessidra Group operates as a multi-platform alternative investment group offering three core financial services: Private Equity (through Clessidra Private Equity SGR, managing funds targeting Italian mid-market companies), Private Debt (through Clessidra Capital Credit SGR, providing financing solutions for SMEs), and Factoring (through Clessidra Factoring, offering receivables management and credit services). The Group also operates the Green Harvest fund focused on agrifood sector investments. These platforms serve the Italian SME market through distinct but complementary financial products spanning the investment lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Clessidra Private Equity SGR

Quantifiable outcome

• 18.4% annualized ROE for Clessidra Factoring in 9M 2024
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• NPLight S.p.A.coreStrategic or Co-development Partner · 27 June 2025Joint venture company established by Banca Popolare di Sondrio, FBS, and Clessidra to act as special servicer for NPL portfolios. Clessidra Capital Credit holds a minority stake in NPLight S.p.A., created as part of the Platinum SPV securitization transaction.
• FBS S.p.A.coreStrategic or Co-development Partner · 27 June 2025Financial services company acting as junior investor and sub-servicer in the Platinum SPV securitization. FBS holds majority in joint venture NPLight S.p.A. alongside Banca Popolare di Sondrio and Clessidra.
• HinescoreStrategic or Co-development Partner · 8 May 2025Global real estate investment manager partnering with Clessidra and Apollo in Human Company. Hines invested via a joint venture led by Apollo-managed funds. Clessidra and Hines each hold minority stakes in HU holding SpA for open-air hospitality development.
• Federico GiudiceandreacoreStrategic or Co-development Partner · 17 April 2025Founder and Chairman of MiCROTEC retained his stake in the company and continues involvement in R&D strategy, shepherding the business through its next wave of innovation alongside Clessidra.
• KYIP CapitalminorStrategic or Co-development Partner · 10 December 2024Independent Italian fund management company with over €190 million AUM. Clessidra Capital Credit provided unitranche financing for KYIP's acquisition of Errevi System through a €17 million loan from the Clessidra Private Debt Fund.
• Nicoli FamilycoreStrategic or Co-development Partner · 10 July 2024Founding family of Molino Nicoli retained 30% stake following acquisition by Clessidra. The Nicoli family continues to support company development and management alongside Clessidra.
• Federico DoderocoreStrategic or Co-development Partner · 24 April 2023CEO of Everton retained a minority stake and continued in his operative role following Clessidra's acquisition of the tea and infusions company.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Banca Ifis: Italian challenger bank with a leading factoring and NPL servicing franchise directly comparable to Clessidra Factoring and Clessidra Credit Recovery Fund's distressed debt activities.
• Investindustrial: Long-established Italian/European mid-market private equity firm investing across Italian and southern European SMEs with similar mid-market focus, sector-agnostic approach, and growth/buy-and-build strategies as Clessidra Private Equity.
• Alto Partners: Italian mid-market private equity firm with multi-fund platform investing in Italian SMEs, directly comparable in target market and ticket size to Clessidra Private Equity.
• Wise SGR: Italian mid-market private equity firm managing multiple funds investing in Italian SMEs, with comparable deal sourcing networks and target company profiles to Clessidra Private Equity.
• Illimity Bank: Italian challenger bank specializing in distressed credit, special situations, and SME factoring, with a business model that directly overlaps Clessidra Capital Credit's special situations and Clessidra Factoring's SME receivables finance.
• Charme Capital Partners: Italian mid-market private equity firm investing in Italian SMEs with buy-and-build and growth strategies, overlapping directly with Clessidra PE's target market and deal sourcing networks.
• IDeA Capital (DeA Capital): Italian alternative asset manager operating private equity, private debt and other strategies targeting Italian SMEs. Closely comparable to Clessidra's multi-platform structure across PE and credit.
• doValue: Italian servicer specializing in non-performing loan (NPL) management, overlapping with Clessidra Capital Credit's NPL securitization and special-servicing activities (e.g., NPLight JV with Banca Popolare di Sondrio).

Broad incumbents

• Pemberton Asset Management: European private credit/direct lending manager with comparable unitranche and growth financing strategies to Clessidra Capital Credit's Private Debt Fund, though at larger pan-European scale.
• Bridgepoint: Large European mid-market private equity firm with established Italian presence and broader AUM base, overlapping with Clessidra's mid-market focus but at materially larger scale and with wider geographic mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/clessidra-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Clessidra Group