VAM Investments
VAM Investments is a Milan and London based mid-market private equity firm founded in 2011 by Marco Piana, initially alongside former Bulgari chief executive Francesco Trapani. It invests capital from an international network of family offices and institutional investors, deploying it deal-by-deal through club-deal vehicles it calls the VAM Investments Club. VAM specialises in buyout and buy-and-build aggregation of Italian mid-market companies in consumer, luxury, business services, healthcare, industrials and energy, typically taking majority stakes with hands-on governance. Notable projects include founding the Gruppo Florence luxury fashion-manufacturing platform, later sold to Permira, and building roll-ups such as Everest, Etjca, Gym Nation Italia and the Swiss watchmaking platform Groupe Chaumont.
Key facts
Recent exits
Coverage notes
2 funds tracked, 13 portfolio companies (7 active · 6 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
13 companiesFunds & portfolio
Every fund VAM Investments has raised, with its portfolio companies. Hand-checked from public filings.
VAM Club IIBuyout2022 · 4yr4 active · 1 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services |  Italy | 2025 | |
| Energy | Italy | 2025 | |
| Industrials |  Switzerland | 2026 | |
| Consumer | Italy | 2024 |
Italy· Entry 2025Italy· Entry 2025Switzerland· Entry 2026Italy· Entry 2024Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Business Services | Italy | 2023 | 2025 | Secondary | – |
VAM InvestmentsPrivate EquityActive2011 · 15yr3 active · 5 realized
Unrealized
3 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Business Services | Italy | 2020 | |
| TMT | Italy | 2015 | |
| Fintech | Italy | 2021 |
Italy· Entry 2020Italy· Entry 2015Italy· Entry 2021Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Consumer | Italy | 2020 | 2024 | Secondary | – | ||
| Healthcare | Italy | 2011 | 2017 | Secondary | – | ||
| Consumer | Italy | 2020 | 2023 | Secondary | – | ||
| Consumer | Italy | 2021 | 2025 | Trade Sale | – | ||
| Energy | Italy | 2016 | 2023 | Trade Sale | – |
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