Alto Partners SGR

Alto Partners SGR is a private equity firm based in Milan, Italy, specializing in investments in small and medium-sized enterprises within the Italian mid-market. The firm primarily focuses on buyout transactions and selectively considers minority investments in companies that demonstrate strong shareholder protections and clear exit strategies. Alto Partners targets growing, cash-generative companies, particularly in sectors such as consumer goods, food and beverages, industrial machinery, luxury goods, and fashion. Its investment strategy is concentrated in regions including Lombardia, Emilia Romagna, Piemonte, Toscana, and Veneto, with a typical revenue range for target companies between €20 million and €80 million. The experienced team at Alto Partners combines over 125 years of financial expertise, with each partner bringing more than 20 years of professional experience in the Italian and international financial landscape. Additionally, the firm provides substantial support to its portfolio companies across various strategic, operational, and financial aspects, leveraging insights from qualified senior consultants with specialized industry knowledge.

Marco Albissi

Investment Manager

Alice Barberini

Investment Manager

Ilenia Corbelli

Senior Investment Manager

Raffaele de Courten

Founding Partner

Enrico Ricotta

Senior Partner

Stefano Scarpis

Founding Partner, Chairman

Roberto Torazzi

Finance Director

Mario Visioni

Partner

Federico Zaffaroni

Director

59 past transactions

Diatech Pharmacogenetics

Private Equity Round in 2021
Diatech Pharmacogenetics is the Italian leader in the development, production and commercialisation of pharmacogenetics tests for cancer precision medicine. Founded in 1996, Diatech Pharmacogenetics has sustained constant organic growth over the years and now owns more than 70% of the Italian molecular diagnostic market and it is rapidly growing worldwide; to date, more than 20.000 diagnostic tests have been performed using its solutions and every year Diatech Pharmacogenetics reinvests 20% of it revenues in R&D. Diatech Pharmacogenetics is able to take pharmacogenetics tests from idea to market on a variety of platforms, from real-time PCR to barcoded microarrays, mass-spectrometry and next generation sequencing, supplying all reagents, instruments, materials and support necessary. Its complete solutions guide diagnostic operators from sample extraction, quality control, molecular assay to bioinformatic analysis and report. The latest products launched include a liquid biopsy cfDNA extraction kit, a real-time PCR system with all reagent provided in a dry and stable format, micro-satellite instability assays and an end-to-end NGS solution that works on both Illumina and IonTorrent platforms. All Diatech products are developed under EN ISO 9001 and EN ISO 13485 and have been designed, developed and validated in accordance with the Directive 98/79/EC on in vitro diagnostic medical devices (CE-IVD).

Tricobiotos

Merger/Acquisition in 2017
Tricobiotos is specialised in the production and distribution of professional haircare products, both under its own brands and as an exclusive dealer in Italy for primary international firms.

Rubinetterie Toscane Ponsi

Acquisition in 2008
Rubinetterie Toscane Ponsi manufactures and distributes bathroom and kitchen fittings in Italy and internationally. It offers single-control mixer taps and dual-control taps for wash-hand basin, shower, and bath applications; and wash-hand basins, tops, units, and accessories. Rubinetterie Toscane Ponsi markets its products through distributors in Europe, Africa, the Americas, Asia, and the Oceania. It began operation in 1935, with its headquarters in Viareggio in Italy.

RO.MAR.

Private Equity Round in 2017
Producer of packaged bread intended for private food companies. The company offers products including sliced bread, vertical and horizontal sandwich bread and loaf prepared using traditional methods and a wood-burning oven through its own brand and partners.

Tricobiotos

Acquisition in 2017
Tricobiotos is specialised in the production and distribution of professional haircare products, both under its own brands and as an exclusive dealer in Italy for primary international firms.

Drogheria & Alimentari

Acquisition in 2010
Drogheria & Alimentari Spa produces and distributes food products. It offers spices and aromatic herbs, seasonings and special salts, infused oils, extra virgin olive oils, apple cips, spice grinders, balsamic glases, pasta sauces, pasta kit, condiments, and cake decorations. The company also provides sauces, champagne, cookies, foie gras, cookies, wine and champagne, biscuits and pastries, and sweet and salted snacks. It serves the single point of sale using merchandisers that deliver straight to the store. Drogheria & Alimentari Spa was founded in 1880 and is based in San Piero a Sieve, Italy. As of May 29, 2015, Drogheria & Alimentari Spa operates as a subsidiary of McCormick & Company, Incorporated.

Chilibeli

Series A in 2020
Chilibeli is a social commerce platform that connects manufacturers/farmers with agents directly through various messaging tools. The company empowers farmers and its network of agents to earn extra income with ease and flexibility by streamlining the end-to-end supply chain. It aims to help more local farmers, agents, and consumers benefit from the social economy. The company was founded in 2019 by Alex Feng, Damon Yue, and Matt Li. It is based in Setiabudi, Jakarta,

Olimpia Splendid

Merger/Acquisition in 2019
Olimpia Splendid S.p.A. manufactures conditioning, heating, air treatment, and hydronic systems. The company was founded in 1956 and is based in Cellatica, Italy.
C.E.I. Costruzione Emiliana Ingranaggi S.p.A engages in the manufacture and sale of spare parts for trucks and buses. The company was founded in 1969 and is based in Anzola dell'Emilia, Italy.

Visionnaire Home Philosophy

Acquisition in 2010
IPE, founded in 1959 by Carlo, Pompeo and Vittorio Cavalli, is a company based near Bologna active in the high-end luxury furniture segment. In particular, the Company develops and distributes ‘total look’ collections with its own brands (products include beds, sofas, carpets, lamps etc.).

Trevisanalat

Acquisition in 2012
Trevisanalat S.p.a. specializes in the production of mozzarella cheese using lactic ferments. It offers its products for private labels in large scale retail trade and dairy factories in Italy and internationally. The company was founded in 1980 and is based in Resana, Italy. As of October 20, 2016, Trevisanalat S.p.a. operates as a subsidiary of Sabelli Spa.

Visionnaire Home Philosophy

Private Equity Round in 2014
IPE, founded in 1959 by Carlo, Pompeo and Vittorio Cavalli, is a company based near Bologna active in the high-end luxury furniture segment. In particular, the Company develops and distributes ‘total look’ collections with its own brands (products include beds, sofas, carpets, lamps etc.).

La Suissa

Acquisition in 2016
La Suissa , family-run company operating for over 35 years in manufacturing and marketing of confectionery products, and in particularly in the chocolate sector. From its origins and operating base in Piemonte, the northern Italian region well-known for chocolate processing, La Suissa has expanded and established a significant presence in both home and foreign markets. State of the art production facilities combined with the careful selection of quality materials and their processing by skilled technologists have produced exceptional artisan chocolates and confections.

Caminetti Montegrappa

Acquisition in 2007
Caminetti Montegrappa SPA is a manufacturing and distributing stoves, fireplaces (both pellet and wood) and related claddings. All products are tested in laboratories that are officially recognized in Europe and products are positioned on the medium-high end of the market in terms of quality and design. The last generation of pellet products, furthermore, guarantees excellent performances at competitive prices. Key success factors of the Company include a sound technology and a strong post-sale assistance and brand recognition.

Dolciaria Val d'Enza

Acquisition in 2013
Dolciaria Val d'Enza SPA produces baked cakes. It offers bakery products, including tartlets and snacks. The company was founded in 1977 and is based in Canossa, Italy. As of April 19, 2017, Dolciaria Val d'Enza SPA operates as a subsidiary of Valeo Foods Group Limited.

RO.MAR. S.r.l.

Merger/Acquisition in 2017
RO.MAR. S.r.l. produces and supplies bread to the retail market in Italy, Europe, and the United States. It offers sliced bread, frozen products, toasts, organic bread, and other products under Tramezzini, Pagnotta, Bruschetta, Solopane, and other brands. The company was founded in 1890 and is based in Martellago, Italy.

BIA

Merger/Acquisition in 2019
Bia S.p.A. produces organic or conventional couscous. Its products include couscup tomato, turmerik, paprika, candy lemon and peppermint, tomato basil, oregano, organic buckwheat couscous, organic rice, corn and chickpeas, couscous kids organic, special couscous, flavoured couscous,gluten free couscous, organic and conventional couscous. Its products serves all age groups. The company was founded in 2005 and is based in Argenta, Italy.

La Suissa (S.R.L.)

Merger/Acquisition in 2016
La Suissa (S.R.L.) produces and sells chocolates. The company offers milk chocolate, dark chocolate, hazelnut chocolate, coffee chocolate, egg chocolate, and tablets. It sells its products online. The company was founded in 1981 and is based in Arquata Scrivia, Italy. As of July 2, 2019, La Suissa (S.R.L.) operates as a subsidiary of Colussi S.p.A.

R&D Srl

Merger/Acquisition in 2016
R&D Srl manufactures and markets stationery, bags, diaries, and other accessories. The company was founded in 2003 and is based in Azzano San Paolo, Italy.

Gruppo Arcte

Acquisition in 2005
Gruppo Arcte is a active in the luxury under­wear and bea­ch­wear seg­ment for men and women with the brands Argen­to­vivo, Baci­ru­bati, Juli­pet and Allen­cox.

Harbor Srl

Merger/Acquisition in 2015
Harbor Srl formulates and manufactures cosmetic products for hair salons, beauty parlors, and the perfumes sector. The company provides hair and skin care products. It markets and sells its products through distributors in Italy and internationally. The company is based in Ozzano dell'Emilia, Italy.

Visionnaire Home Philosophy

Private Equity Round in 2010
IPE, founded in 1959 by Carlo, Pompeo and Vittorio Cavalli, is a company based near Bologna active in the high-end luxury furniture segment. In particular, the Company develops and distributes ‘total look’ collections with its own brands (products include beds, sofas, carpets, lamps etc.).

La Suissa

Private Equity Round in 2016
La Suissa , family-run company operating for over 35 years in manufacturing and marketing of confectionery products, and in particularly in the chocolate sector. From its origins and operating base in Piemonte, the northern Italian region well-known for chocolate processing, La Suissa has expanded and established a significant presence in both home and foreign markets. State of the art production facilities combined with the careful selection of quality materials and their processing by skilled technologists have produced exceptional artisan chocolates and confections.

Caminetti Montegrappa

Private Equity Round in 2007
Caminetti Montegrappa SPA is a manufacturing and distributing stoves, fireplaces (both pellet and wood) and related claddings. All products are tested in laboratories that are officially recognized in Europe and products are positioned on the medium-high end of the market in terms of quality and design. The last generation of pellet products, furthermore, guarantees excellent performances at competitive prices. Key success factors of the Company include a sound technology and a strong post-sale assistance and brand recognition.

Officina Farmaceutica Italiana

Private Equity Round in 2019
With over sixty years of experience, OFI is developing and manufacturing of dermo-cosmetic and dietary-nutritional products. Quality, reliability and a powerful innovative drive are the strong points recognized by the market and professionals in the sector.

Diquigiovanni

Private Equity Round in 2009
Diquigiovanni as a producer of aluminum windows and doors. At the end of the 80’s the Company began specializing in the production of windows and doorframes in PVC, product characterized by excellent performances in terms of thermal and acoustic isolation, durability, limited maintenance costs and competitive pricing with respect to other materials traditionally used. The company distributes its products via two main channels: (i) retailers covering the Italian territory targeting building renovations and (ii) the building site channel targeting, with the support of specialized agents, new constructions.

C.E.I. High Fidelity Spare Parts

Private Equity Round in 2022
CEI is a manufacturer and designer of spare parts for industrial vehicles. The initial product range consisting exclusively of gears for gearboxes and differentials has been widened through the years by introducing spare parts for steering and braking system, suspensions, and engine.

HARBOR

Private Equity Round in 2015
HARBOR SpA (Bio Phytorelax) specializing in the development of natural cosmetic products. Harbor’s focus from the beginning has been to produce quality products conceived with great care in research, formulation development and effectiveness with carefully selected raw materials and natural active ingredients, paying great attention to the respect for the environment, the value of cosmetics and packaging innovation.

Virosac

Private Equity Round in 2012
Virosac s.r.l. produces produces environment-friendly household products such as waste bags and plastic refuse containers. The company was founded in 1973 and is based in Pederobba, Italy.

Mipharm SPA

Private Equity Round in 2022
Mipharm was founded in January 1998 by Mr. Giuseppe G. Miglio, who can show more than 40 years of experience in the pharmaceutical world and in Sandoz Holding, where he covered many and growing positions. In 1986 he was appointed to President and Managing Director of Sandoz Prodotti Farmaceutici SpA ; in 1990 he was appointed President and Managing Director of Sandoz Holding Italia Spa. In 1996, he managed first the merger between Sandoz and Ciba Geigy and then he was appointed President of Novartis Italy, until he decided to found Mipharm, a new company that in few years has become an important player in pharmaceutical market both in Italy and in Europe. Mipharm acquired from Novartis the production site (former Sandoz facility) based in Milan: starting from its production capacity, many third party production agreements have been signed. Up to 2009, Mipharm developed an integrated business model based on a modern and efficient production site and on a Business Unit Promotion focused on sales & marketing of new and innovative products.

Officina Farmaceutica Italiana

Acquisition in 2019
With over sixty years of experience, OFI is developing and manufacturing of dermo-cosmetic and dietary-nutritional products. Quality, reliability and a powerful innovative drive are the strong points recognized by the market and professionals in the sector.

Monviso

Acquisition in 2008
MONVISO GROUP SRL produces bread substitutes. It offers breakfast solutions and toasted cereal flakes; low-salt rusks, low-salt breadsticks, low-salt tea biscuits, wholegrain biscuits, crackers, and fitness solutions; and snack products, including mini bruschette croutons, soups and salads croutons, and mini toasts. The company was founded in 1936 and is based in Andezeno, Italy. As of January 18, 2018, MONVISO GROUP SRL operates as a subsidiary of Altabread S.r.l.

BIA

Acquisition in 2019
Bia S.p.A. produces organic or conventional couscous. Its products include couscup tomato, turmerik, paprika, candy lemon and peppermint, tomato basil, oregano, organic buckwheat couscous, organic rice, corn and chickpeas, couscous kids organic, special couscous, flavoured couscous,gluten free couscous, organic and conventional couscous. Its products serves all age groups. The company was founded in 2005 and is based in Argenta, Italy.

Pastificio di Chiavenna

Acquisition in 2015
Pastificio di Chiavenna was founded in 1868 and started its activities as a mill and pasta producer. In the 60s the company moved to a modern factory in the outskirts of Chiavenna and alongside the traditional production of durum semolina wheat pasta, it started the production of some specialties from Valtellina with the Moro brand (Pizzoccheri), becoming a leader in its market niche. In that period, the company also obtained from the Ministry of Health the authorization to produce dietetic pasta, with different requirements from the traditional one.

Tricobiotos

Private Equity Round in 2017
Tricobiotos is specialised in the production and distribution of professional haircare products, both under its own brands and as an exclusive dealer in Italy for primary international firms.

Pastificio di Chiavenna

Private Equity Round in 2015
Pastificio di Chiavenna was founded in 1868 and started its activities as a mill and pasta producer. In the 60s the company moved to a modern factory in the outskirts of Chiavenna and alongside the traditional production of durum semolina wheat pasta, it started the production of some specialties from Valtellina with the Moro brand (Pizzoccheri), becoming a leader in its market niche. In that period, the company also obtained from the Ministry of Health the authorization to produce dietetic pasta, with different requirements from the traditional one.

Trevisanalat

Private Equity Round in 2011
Trevisanalat S.p.a. specializes in the production of mozzarella cheese using lactic ferments. It offers its products for private labels in large scale retail trade and dairy factories in Italy and internationally. The company was founded in 1980 and is based in Resana, Italy. As of October 20, 2016, Trevisanalat S.p.a. operates as a subsidiary of Sabelli Spa.

Olimpia Splendid

Private Equity Round in 2019
Olimpia Splendid S.p.A. manufactures conditioning, heating, air treatment, and hydronic systems. The company was founded in 1956 and is based in Cellatica, Italy.

Semenzato

Acquisition in 2017
Semenzato operates in the production and distribution of sliced bread, bread for tramezzini and loaves under the Semenzato brand and private label for Italian and international large-scale retailers. The use of mother yeast, attention to quality of raw materials, state-of-the-art technologies and an accurate control of all production phases have made Semenzato one of the domestic leaders in its reference market.

Virosac

Acquisition in 2012
Virosac s.r.l. produces produces environment-friendly household products such as waste bags and plastic refuse containers. The company was founded in 1973 and is based in Pederobba, Italy.

Dolciaria Val d'Enza

Merger/Acquisition in 2015
Dolciaria Val d'Enza SPA produces baked cakes. It offers bakery products, including tartlets and snacks. The company was founded in 1977 and is based in Canossa, Italy. As of April 19, 2017, Dolciaria Val d'Enza SPA operates as a subsidiary of Valeo Foods Group Limited.

HARBOR

Acquisition in 2015
HARBOR SpA (Bio Phytorelax) specializing in the development of natural cosmetic products. Harbor’s focus from the beginning has been to produce quality products conceived with great care in research, formulation development and effectiveness with carefully selected raw materials and natural active ingredients, paying great attention to the respect for the environment, the value of cosmetics and packaging innovation.

Diquigiovanni

Acquisition in 2009
Diquigiovanni as a producer of aluminum windows and doors. At the end of the 80’s the Company began specializing in the production of windows and doorframes in PVC, product characterized by excellent performances in terms of thermal and acoustic isolation, durability, limited maintenance costs and competitive pricing with respect to other materials traditionally used. The company distributes its products via two main channels: (i) retailers covering the Italian territory targeting building renovations and (ii) the building site channel targeting, with the support of specialized agents, new constructions.

Integra Document Management

Acquisition in 2006
Integra Document Management is a privately held company specialized and focused on the services of Document and Business Process Outsourcing.

Legami

Funding Round in 2016
R&D Srl manufactures and markets stationery, bags, diaries, and other accessories.

Rancilio Group

Private Equity Round in 2007
Rancilio Group in the production and distribution of professional coffee machines for the Ho.Re.Ca. segment. Rancilio is present all over the world and the commercial presence is supported by a capillary distribution network. Sales abroad account for approx. 70%, in particular thanks to the commercial subsidiaries in Spain, Portugal, the United States, Switzerland and Germany.

C.E.I. High Fidelity Spare Parts

Private Equity Round in 2020
CEI is a manufacturer and designer of spare parts for industrial vehicles. The initial product range consisting exclusively of gears for gearboxes and differentials has been widened through the years by introducing spare parts for steering and braking system, suspensions, and engine.

BIA

Private Equity Round in 2019
Bia S.p.A. produces organic or conventional couscous. Its products include couscup tomato, turmerik, paprika, candy lemon and peppermint, tomato basil, oregano, organic buckwheat couscous, organic rice, corn and chickpeas, couscous kids organic, special couscous, flavoured couscous,gluten free couscous, organic and conventional couscous. Its products serves all age groups. The company was founded in 2005 and is based in Argenta, Italy.

Gruppo Arcte

Private Equity Round in 2005
Gruppo Arcte is a active in the luxury under­wear and bea­ch­wear seg­ment for men and women with the brands Argen­to­vivo, Baci­ru­bati, Juli­pet and Allen­cox.

Drogheria & Alimentari

Private Equity Round in 2010
Drogheria & Alimentari Spa produces and distributes food products. It offers spices and aromatic herbs, seasonings and special salts, infused oils, extra virgin olive oils, apple cips, spice grinders, balsamic glases, pasta sauces, pasta kit, condiments, and cake decorations. The company also provides sauces, champagne, cookies, foie gras, cookies, wine and champagne, biscuits and pastries, and sweet and salted snacks. It serves the single point of sale using merchandisers that deliver straight to the store. Drogheria & Alimentari Spa was founded in 1880 and is based in San Piero a Sieve, Italy. As of May 29, 2015, Drogheria & Alimentari Spa operates as a subsidiary of McCormick & Company, Incorporated.

Dolciaria Val d'Enza

Private Equity Round in 2013
Dolciaria Val d'Enza SPA produces baked cakes. It offers bakery products, including tartlets and snacks. The company was founded in 1977 and is based in Canossa, Italy. As of April 19, 2017, Dolciaria Val d'Enza SPA operates as a subsidiary of Valeo Foods Group Limited.

Rubinetterie Toscane Ponsi

Private Equity Round in 2008
Rubinetterie Toscane Ponsi manufactures and distributes bathroom and kitchen fittings in Italy and internationally. It offers single-control mixer taps and dual-control taps for wash-hand basin, shower, and bath applications; and wash-hand basins, tops, units, and accessories. Rubinetterie Toscane Ponsi markets its products through distributors in Europe, Africa, the Americas, Asia, and the Oceania. It began operation in 1935, with its headquarters in Viareggio in Italy.

Integra Document Management

Private Equity Round in 2006
Integra Document Management is a privately held company specialized and focused on the services of Document and Business Process Outsourcing.

Millefili

Private Equity Round in 2018
Millefili, founded in 1981 in Carpi (Modena) by Francesco Galli, is specialised in the production and distribution of high quality yarns. Founded as a distributor of yarns for the knitwear industry and subsequently evolved into a manufacturing company, Millefili stands out from its main competitors thanks to its creativity and ability to capture fashion trends and to the high level of service. Such factors allowed the Company to grow and establish itself as a leader in its core business. The Company serves primary international brands in the fashion and luxury industries. It develops, produces and commercializes its yarns – often exclusive and designed ad hoc for the single customer – in Italy and in the main European and the US markets.

Monviso

Private Equity Round in 2008
MONVISO GROUP SRL produces bread substitutes. It offers breakfast solutions and toasted cereal flakes; low-salt rusks, low-salt breadsticks, low-salt tea biscuits, wholegrain biscuits, crackers, and fitness solutions; and snack products, including mini bruschette croutons, soups and salads croutons, and mini toasts. The company was founded in 1936 and is based in Andezeno, Italy. As of January 18, 2018, MONVISO GROUP SRL operates as a subsidiary of Altabread S.r.l.

Artebianca Natura & Tradizione

Private Equity Round in 2016
Artebianca Natura & Tradizione S.r.l. bakes and produces biscuits. It offers yoghurt, wholemeal, and vanilla and chocolate biscuits. The company was founded in 1984 and is based in Pietrasanta, Italy. Artebianca Natura & Tradizione S.r.l. is a former subsidiary of Dolciaria Val d'Enza S.p.A.