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Alto Partners SGR

Alto Partners SGR

Milan, Italy·Founded 2004··altopartners.it

Alto Partners SGR is an independent Milan-based lower mid-market buyout firm, originated in 2000 by Stefano Scarpis and Raffaele de Courten and constituted as an SGR in 2004, which has raised EUR 721m of aggregate commitments since 2005 across the Alto Capital II-V funds and completed 52 investments (35 platform deals plus 17 add-ons) in Italian SMEs, taking majority and structured minority stakes in food, consumer goods, industrial, pharma and business services companies, with offices in Milan (Via Monte di Pieta 1/A) and Bologna.

AUM
Funds
4
vintages 2005–2022
Portfolio
8
Exits
27

Key facts

HQMilan, Italy
Founded2004
Employees18+

Recent exits

DMX Pharma
Pharma2025 · 3yr hold
Millefili
Millefili
Consumer2025 · 7yr hold
Olimpia Splendid
Olimpia Splendid
Construction2025 · 6yr hold
IPE Visionnaire
Consumer2024 · 10yr hold

Coverage notes

4 funds tracked, 35 portfolio companies (8 active · 27 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

35 companies
Consumer
18 · 51%
Construction
6 · 17%
Business Services
2 · 6%
Industrials
2 · 6%
Mobility
2 · 6%
Pharma
2 · 6%
MedTech
1 · 3%
Hospitality
1 · 3%

Funds & portfolio

Every fund Alto Partners SGR has raised, with its portfolio companies. Hand-checked from public filings.

4 funds
Alto Capital VSmall-Mid Buyout
2022 · 4yr€273M7 active

Unrealized

7 held
Dierre Group
Dierre GroupActive
ConstructionItaly· Entry 2024
EF Group
EF GroupActive
Business ServicesItaly· Entry 2024
Eurosirel
EurosirelActive
MedTechItaly· Entry 2024
FIP MEC
FIP MECActive
ConstructionItaly· Entry 2026
Fradiavolo
FradiavoloActive
HospitalityItaly· Entry 2024
Gallo
GalloActive
ConsumerItaly· Entry 2025
Lario Plast
Lario PlastActive
IndustrialsItaly· Entry 2023
Alto Capital IVSmall-Mid BuyoutHarvesting
2017 · 9yr€210M1 active · 8 realized

Unrealized

1 held
MobilityItaly· Entry 2022

Realized

8 exits
BiaExited 2022
ConsumerItaly· Entry 2019
Trade Saleto
CEI
CEIExited 2022
MobilityItaly· Entry 2020
Secondaryto
DiatechExited 2023
BiotechItaly· Entry 2021
Secondaryto
DMX PharmaExited 2025
PharmaItaly· Entry 2022
Secondaryto
Millefili
MillefiliExited 2025
ConsumerItaly· Entry 2018
Secondaryto
OFIExited 2020
PharmaItaly· Entry 2019
Trade Saleto
Olimpia Splendid
Olimpia SplendidExited 2025
ConstructionItaly· Entry 2019
MBOto
TricobiotosExited 2022
ConsumerItaly· Entry 2017
Trade Saleto
Alto Capital IIISmall-Mid BuyoutRealized
2011 · 15yr0 active · 9 realized

Realized

9 exits
Artebianca
ArtebiancaExited 2020
ConsumerItaly· Entry 2016
Trade Saleto
ConsumerItaly· Entry 2013
Trade Saleto
HarborExited 2023
ConsumerItaly· Entry 2015
Trade Saleto
IPE VisionnaireExited 2024
ConsumerItaly· Entry 2014
Secondaryto
La Suissa
La SuissaExited 2019
ConsumerItaly· Entry 2016
Trade Saleto
LegamiExited 2023
ConsumerItaly· Entry 2016
Secondaryto
ConsumerItaly· Entry 2015
Trade Saleto
Semenzato
SemenzatoExited 2021
ConsumerItaly· Entry 2017
Trade Saleto
Virosac
VirosacExited 2019
ConsumerItaly· Entry 2012
Secondaryto
Alto Capital IISmall-Mid BuyoutRealized
2005 · 21yr0 active · 10 realized

Realized

10 exits
ConstructionItaly· Entry 2007
Trade Saleto
DiquigiovanniExited 2016
ConstructionItaly· Entry 2009
Trade Saleto
ConsumerItaly· Entry 2010
Secondaryto
Gruppo ArcteExited 2007
ConsumerItaly· Entry 2005
Trade Saleto
IDM
IDMExited 2015
Business ServicesItaly· Entry 2006
Trade Saleto
IPE VisionnaireExited 2014
ConsumerItaly· Entry 2010
Secondaryto
Monviso
MonvisoExited 2012
ConsumerItaly· Entry 2008
Secondaryto
Rancilio GroupExited 2013
IndustrialsItaly· Entry 2007
Trade Saleto
RTP Viareggio PonsiExited 2015
ConstructionItaly· Entry 2008
Trade Saleto
Trevisanalat
TrevisanalatExited 2016
ConsumerItaly· Entry 2011
Trade Saleto
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Last updated August 2026 · Sourced from public filings · Report an issue