{"id":1438,"date":"2021-05-28T16:56:00","date_gmt":"2021-05-28T14:56:00","guid":{"rendered":"https:\/\/www.progressiosgr.it\/progressio-investe-in-atk-sports\/"},"modified":"2025-12-02T12:40:13","modified_gmt":"2025-12-02T11:40:13","slug":"progressio-invests-in-atk-sports","status":"publish","type":"post","link":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-invests-in-atk-sports\/","title":{"rendered":"Progressio invests in ATK Sports"},"content":{"rendered":"\n
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Milan, May 28th, 2021 – Progressio SGR, through its private equity fund Progressio Investimenti III, acquires a majority stake in ATK Sports S.r.l., with founding family Indulti retaining a minority stake and key operating roles in the Company. Davide Indulti to be appointed CEO.<\/p>\n <\/div>\n \n

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ATK Sports is a mechanical company leader in the development and production of ski touring bindings and accessories under its own brand (ATK BINDINGS) and third-parties\u2019, used by the majority of athletes taking part in the Ski Touring World Cup. The Company, established in 1988 thanks to Giovanni Indulti\u2019s intuition and expertise, is based in Fiorano Modenese (MO) in the heart of Italy\u2019s renown Motor Valley. In 2020, ATK realized over Euro 9 mln in revenues (ca. 85% abroad) and is emerging as a forefront ski touring bindings developer, able to capture opportunities and market share in a rapidly growing sector.
\nProgressio intends to support the Company and Indulti family in their development path focused on the consolidation of ATK\u2019s leadership position in Europe, expansion in USA and continuous search for state-of-the-art mechanical solutions to be applied to ski touring and adjacent sectors. The business plan could envisage add-ons aimed at completing the Company\u2019s offer in ski touring equipment.<\/p>\n

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Nino Mascellaro, Senior Partner at Progressio,<\/strong> said: \u201cATK represents the \u201chidden champion\u201d with ample growth opportunities. The Company has been leveraging its know-how and R&D capabilities to succeed with innovative solutions and become a reference ski touring brand. Firm commitment from all members of the Indulti family in their managerial roles is a key element to assure continuity in ATK and to keep boosting a sustainable expansion abroad\u201d.<\/em><\/p>\n

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Giovanni Indulti and Guerrina Amorotti, Founders of ATK,<\/strong> said: \u201cOur achievements since the Company inception were followed by the full involvement of our son Davide, directly responsible for ATK\u2019s R&D and commercial aspects, that has proven to be a key enabler of our successes since he joined the Company in 2012. The next chapter, that will see ATK turn into a global player, will be supported by the marriage between our family and Progressio, a financial partner that we selected among others, in the persons Filippo Gaggini and Nino Mascellaro, as they conquered our trust laying solid foundations for a successful future together. We desire to deeply thank all those who took and will take part in all ATK\u2019s achievements, our employees and advisers above all\u201d.<\/em><\/p>\n

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Davide Indulti, CEO of ATK,<\/strong> added: \u201cThirteen years ago I was asked whether I could consider ATK to be my future and had no doubt about it. Now more than ever I\u2019m sure of that: we created an elite team with Progressio that will allow ATK to face future challenges and opportunities with the best managerial and financial resources. Innovation, design and quality will be the drivers of our project, sustainability and respect for the environment our focus, and the handcrafted innate ingenuity of Made in Italy our hallmark feature\u201d.<\/em><\/p>\n

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For Progressio, the deal was executed by the CEO Filippo Gaggini, Nino Mascellaro (Senior Partner), Mauro Ballabio (portfolio strategy & operations partner) and Simone Assanelli (Associate).<\/p>\n

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Progressio was assisted for legal aspects by lawyers Margherita Santoiemma and Mara Milano from Molinari e Associati, Guido Sazbon from Spada Partners for tax and fiscal items, PwC for business and financial due diligence and EY for ESG aspects.
\nIndulti family was assisted by Banca Akros as a financial advisor (Alessandro Erbanni, Luca Morello and Tommaso Danieli), Studio Legale Salardi (lawyer Stefano Salardi) for legal aspects and Studio Spaggiari & Pivetti (Cristina Spaggiari and Giovanni Ferrara) for financial and accounting items.<\/p>\n

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The deal was financed by Banco BPM (team composed by Claudio Stefani, Domenico Costantino and Daniele Silva) assisted by Ilaria Griffo from law firm Simmons&Simmons.<\/p>\n

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ATK Sports is the eighth investment for private equity fund Progressio Investimenti III, which has currently invested ca. 68% of its total commitment of Eur 250 mln, closed in July 2019 at the hard cap vis-\u00e0-vis Eur 225 initial target. Recently, Paola Scarpa, key manager in Google Italia as Client Solution, Data & Insights Director, entered Progressio\u2019s Board of Director as independent member.<\/p>\n <\/div>\n <\/div>\n \n

\n Press release<\/a>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n
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“Eight deals finalized by private equity Fund Progressio Investimenti III, 68% of commitment already deployed in little over three years. ATK Sports realized over Euro 9 mln in revenues in 2020, approximately 85% abroad. In partnership with Progressio, future targets are expansion in USA and consolidation of leadership position in Europe.”<\/blockquote>\n \n <\/div>\n <\/div>\n <\/section>\n","protected":false},"excerpt":{"rendered":"

Eight deals finalized by private equity Fund Progressio Investimenti III, 68% of commitment already deployed in little over three years.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1438","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":[],"yoast_head":"\nProgressio invests in ATK Sports | Progressio SGR<\/title>\n<meta name=\"description\" content=\"Read \u201cProgressio invests in ATK Sports\u201d and stay up to date on the latest developments at Progressio SGR\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.progressiosgr.it\/en\/news\/progressio-invests-in-atk-sports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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