{"id":1483,"date":"2019-02-06T15:48:00","date_gmt":"2019-02-06T14:48:00","guid":{"rendered":"https:\/\/www.progressiosgr.it\/progressio-raccoglie-euro-185-milioni-con-il-fondo-progressio-investimenti-iii-e-punta-a-superare-il-target-di-euro-225-milioni\/"},"modified":"2025-12-02T12:41:08","modified_gmt":"2025-12-02T11:41:08","slug":"progressio-raises-euro-185-million-with-its-fund-progressio-investimenti-iii-and-aims-to-exceed-the-euro-225-million-target","status":"publish","type":"post","link":"https:\/\/www.progressiosgr.it\/en\/news\/progressio-raises-euro-185-million-with-its-fund-progressio-investimenti-iii-and-aims-to-exceed-the-euro-225-million-target\/","title":{"rendered":"Progressio raises euro 185 million with its fund Progressio investimenti III and aims to exceed the euro 225 million target"},"content":{"rendered":"\n
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Milan, February 6th 2019. Progressio SGR\u2019s Board of Directors approved today the fourth closing of the Fund Progressio Investimenti III, having collected commitments for approximately Euro 185 million.<\/p>\n <\/div>\n \n

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The initiative has attracted the interest of over 50 subscribers so far. Although subscribers are mostly institutional (68% of the commitment), there was an important contribution also from other investors (in particular family offices and entrepreneurs); the management team has subscribed about 5% of the total commitment. The Foreign subscribers share (21%) is higher than the one recorded at the end of the previous fund\u2019s collection, demonstrating a growing appreciation at international level for the work performed by the Asset Management firm.<\/p>\n

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The initial target of the third Fund was set at Euro 225 million (with a hard cap of Euro 250 million) and the management team is confident that it will exceed this goal by the final closing, scheduled for July 2019.<\/p>\n

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The investment strategy is focused on Italian SMEs, with particular attention to companies operating in sectors where Italy expresses excellence at global level: mechanical engineering, fashion & luxury, pharma & chemical, food & beverage. The key factor for value creation is management: over the years, Progressio has set up a wide network of managers, among which it has selected about 100 professionals with many years of experience in various sectors. Progressio involves the most suitable ones since the early stages in the analysis of new investment opportunities, with the objective \u2013 in case the target is acquired \u2013 to include them in the management of the company as leader or as support for the growth.<\/p>\n

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Progressio\u2019s search for \u201chidden champions\u201d is supported by a deep knowledge of the territory: the origination deal derives not only from typical channels (M&A advisors, international or boutiques) but also from local professionals and sometimes by the same managers with whom Progressio has established a relationship over the years. In 2018, more than 250 possible deals were analyzed, reaching the closing on 3 occasions (one direct investment and two add-ons).<\/p>\n

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Value creation is fostered by the industrial approach of Progressio: the managerial strengthening empowers a growth that derives from the core business consolidation, from the expansion of the commercial offer and from a process of internationalization, all of them reachable organically or through acquisitions.<\/p>\n

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Progressio management team has so far managed funds for around Euro 500 million, and has completed 22 investments, to which it has added 11 add-ons; 17 of these investments have already been realized. Some examples of investments that have been realized are Moncler (luxury sportsware), Chromavis (cosmetics), Italchimici (pharmaceutical products), Duplomatic (hydraulic components) and Forest Chemical Industries (adhesives), which won the \u201d Claudio Dematt\u00e9 Awards \u2013 Private Equity of the Year\u201d in 2018.<\/p>\n

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The Fund Progressio Investimenti III has already made two investments: Save The Duck (animal free sportswear) in March 2018 and Gampack (machinery for secondary packaging) announced a few days ago.<\/p>\n

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Progressio has Cebile Capital as placement agent for its third Fund and hired the law firms Legance \u2013 Avvocati Associati for legal matters and Studio Di Tanno e Associati for tax matters.<\/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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“The fundraising success is the recognition of the quality work done by the whole team in the last years” declared Filippo Gaggini, Managing Partner of the SGR. “The principle that inspires our activity – Passion for Growth – is valid at every level: we strongly believe in a coordinated team work with clear targets. Investors recognize in us an industrial approach and a great ability to intercept and evaluate most of the opportunities that the Italian market offers, even the most hidden ones. Considering the interest and appreciation shown by potential investors that are currently evaluating the subscription of Fund III, I am confident in exceeding the fixed target”.<\/blockquote>\n \n <\/div>\n <\/div>\n <\/section>\n","protected":false},"excerpt":{"rendered":"","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-1483","post","type-post","status-publish","format-standard","hentry","category-press"],"acf":[],"yoast_head":"\nProgressio raises euro 185 million with its fund Progressio investimenti III and aims to exceed the euro 225 million target | Progressio SGR<\/title>\n<meta name=\"description\" content=\"Read \u201cProgressio raises euro 185 million with its fund Progressio investimenti III and aims to exceed the euro 225 million target\u201d and stay up to date on the latest 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