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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
SectorsConsumerIndustrialsHealthcareBusiness Services

Key facts

HQMilan, Italy
Founded2004
Employees18+

Recent exits

DMX Pharma
Pharma · 2025 · 3yr hold
Millefili
Consumer · 2025 · 7yr hold
Olimpia Splendid
Industrials · 2025 · 6yr hold
IPE Visionnaire
Consumer · 2024 · 10yr hold

Coverage notes

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

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
IndustrialsItaly· Entry 2024
EF GroupActive
Business ServicesItaly· Entry 2024
EurosirelActive
HealthcareItaly· Entry 2024
FIP MECActive
IndustrialsItaly· Entry 2026
ConsumerItaly· Entry 2024
GalloActive
ConsumerItaly· Entry 2025
IndustrialsItaly· Entry 2023
Alto Capital IVSmall-Mid Buyout
2017 · 9yr€210M1 active · 8 realized

Unrealized

1 held
IndustrialsItaly· Entry 2022

Realized

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

Realized

9 exits
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 SuissaExited 2019
ConsumerItaly· Entry 2016
Trade Saleto
LegamiExited 2023
ConsumerItaly· Entry 2016
Secondaryto
ConsumerItaly· Entry 2015
Trade Saleto
SemenzatoExited 2021
ConsumerItaly· Entry 2017
Trade Saleto
VirosacExited 2019
ConsumerItaly· Entry 2012
Alto Capital IISmall-Mid Buyout
2005 · 21yr0 active · 10 realized

Realized

10 exits
IndustrialsItaly· Entry 2007
Trade Saleto
DiquigiovanniExited 2016
IndustrialsItaly· Entry 2009
ConsumerItaly· Entry 2010
Gruppo ArcteExited 2007
ConsumerItaly· Entry 2005
Trade Sale
IDMExited 2015
Business ServicesItaly· Entry 2006
Trade Saleto
IPE VisionnaireExited 2014
ConsumerItaly· Entry 2010
Secondaryto
MonvisoExited 2012
ConsumerItaly· Entry 2008
Secondaryto
Rancilio GroupExited 2013
IndustrialsItaly· Entry 2007
Trade Saleto
IndustrialsItaly· Entry 2008
Trade Sale
TrevisanalatExited 2016
ConsumerItaly· Entry 2011
Trade Saleto
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Last updated July 2026 · Sourced from public filings