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Itago SGR

Itago SGR

Venice, Italy·Founded 2019··itagopartners.it

Itago SGR (ITAGO SGR S.p.A.) is an independent Italian lower-mid-market private equity manager headquartered in Venice with a Milan office, founded in 2019 as a spin-out of the private equity team of the Finanziaria Internazionale (Banca Finint) group. It backs Italian SMEs with revenues of roughly EUR 10-100m through majority buyouts, shareholder-replacement and expansion-capital deals across industrials, consumer, healthcare and business services, applying limited leverage. The firm manages the legacy NEIP III SICAF and its own ITAGO IV fund, alongside a Scame Forni Industriali club deal, and reports about 35 investments and around EUR 300m deployed over the team's track record.

AUM
–
Funds
3
vintages 2012–2020
Portfolio
8
Exits
10

Key facts

HQVenice, Italy
Founded2019
Employees10+

Recent exits

Operamed
Operamed
Healthcare2025 · 4yr hold
Panificio San Francesco
Consumer2025 · 9yr hold
CVS Ferrari
Industrials2024 · 8yr hold
Spraytech
Spraytech
Industrials2024 · 6yr hold

Coverage notes

3 funds tracked, 18 portfolio companies (8 active · 10 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

18 companies
Industrials
12 · 67%
Business Services
2 · 11%
Consumer
2 · 11%
Logistics
1 · 6%
Healthcare
1 · 6%

Funds & portfolio

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

3 funds
ITAGO IVSmall-Mid BuyoutHarvesting
2020 · 6yr7 active · 1 realized

Unrealized

7 held
Apice
ApiceActive
LogisticsItaly· Entry 2023
Asdea
AsdeaActive
Business ServicesItaly· Entry 2025
Eco-Techno
Eco-TechnoActive
IndustrialsItaly· Entry 2022
IdrostudiActive
Business ServicesItaly· Entry 2023
IndustrialsItaly· Entry 2022
Teknoice
TeknoiceActive
IndustrialsItaly· Entry 2021
IndustrialsItaly· Entry 2024

Realized

1 exit
Operamed
OperamedExited 2025
HealthcareItaly· Entry 2021
Secondaryto Alcedo (Alcedo V)
ITAGO Club DealSmall-Mid BuyoutHarvesting
2019 · 7yr1 active

Unrealized

1 held
IndustrialsItaly· Entry 2019
NEIP IIISmall-Mid BuyoutRealized
2012 · 14yr€75M0 active · 9 realized

Realized

9 exits
ABL
ABLExited 2019
IndustrialsItaly· Entry 2015
Trade Saleto Gulftech
CVS FerrariExited 2024
IndustrialsItaly· Entry 2016
Trade Saleto The Taylor Group
Forno d'Asolo
Forno d'AsoloExited 2018
ConsumerItaly· Entry 2014
Secondaryto BC Partners
ISA - Altanova
ISA - AltanovaExited 2021
IndustrialsItaly· Entry 2017
Trade Saleto ESCO Technologies
LafertExited 2015
IndustrialsItaly· Entry 2013
MBOto Lafert founding families
Nuova GiungasExited 2016
IndustrialsItaly· Entry 2013
Trade Saleto Valvitalia
ConsumerItaly· Entry 2016
Trade Saleto Lantmannen Unibake
Spraytech
SpraytechExited 2024
IndustrialsItaly· Entry 2018
MBOto Management (CEO-led buyout)
VimecExited 2017
IndustrialsItaly· Entry 2015
Trade Saleto Latour

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Francesco Benvenuti
Analyst
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Last updated July 2026 · Sourced from public filings · Report an issue