Progressio seeks to build a portfolio of best-in-class businesses with a competitive edge
We have achieved a strong track record by developing an investment strategy focused on best in class Italian companies operating in sectors where Italy has strong expertise and leveraging on operational improvements to create value.
Moncler
sector
Lifestyle
status
Realised
fund
PI
entry date
February 2006
exit date
October 2008 (first investment), December 2013 (second investment).
At the time of divestiture of the first investment, Mittel Private Equity and Progressio Investimenti reinvested in the Company.
business description
Design, production and distribution worldwide of fashion and sportswear apparel through retail and wholesale channel. Brand with strong heritage and know how, founded in early 50’s in a mountain village near Grenoble (France). Over the course of the years it has merged style with ongoing technological research into its down jacket entering into town in the 1980s.
Publimethod
sector
Other
status
Realised
fund
PI
entry date
March 2006
exit date
December 2015 (June 2009 for Mittel Private Equity)
business description
Leading player in the “media bartering” sector involved in the sale of advertising space in exchange for branded goods. These latter are sold to cardholders through the company’s network of outlets (direct) and to wholesalers or mass retailers (indirect).
www.publimethod.com
Rondine
sector
Industrial & Mechanical
status
Realised
fund
PI
entry date
December 2006
exit date
June 2013
business description
Design, manufacturing and distribution of porcelain floor tiles for both internal and external use under own brands. Founded in 1961 and located in the ceramic district of Sassuolo (Italy), is recognised as an innovative player focused on search and development, quality, design and respect for the environment.
www.ceramicarondine.it
Mutuiplanet
sector
Other
status
Realised
fund
PI
entry date
September 2007
exit date
January 2011
business description
Provider of retail loans and consumer credit products through a franchise model.
Chromavis
sector
Lifestyle
status
Realised
fund
PI, PI II
entry date
February 2008 (February 2013 for Progressio Investimenti II)
exit date
July 2013
business description
One of the largest B2B developer and manufacturer of cosmetics products in the world with a complete range of solutions from make-up and nail polish to skin care products through formulas fully developed by its research laboratories. Borne from the merger of Gamma Cromma and Clavis, two Italian SMEs active in the B2B cosmetics sector.
www.chromavis.com
CLX Europe
sector
Digital
status
Realised
fund
PI
entry date
July 2008
exit date
April 2015
business description
Leading provider of integrated communication services (photography, pre-press, post-production, rendering, data storage services) specialized in supporting brands, retailers and agencies to create, manage and deliver media content globally to a multi-channel market.
www.clxeurope.com
Jal Group
sector
Industrial & Mechanical
status
Realised
fund
PI II
entry date
July 2010
exit date
September 2013
business description
Design, manufacturing and distribution (under its own brands and for private label operators) of safety footwear, covering the intermediate/premium end market.
Gens Aurea
sector
Other
status
Realised
fund
PI II
entry date
April 2012
exit date
November 2019
business description
“Integrated retail business” covering the entire value chain, from gold collection (the largest cash for gold in Europe) to a branded jewellery company through three business lines: Oro Cash, “retailer” involved in cash-for-gold and resale of second hand jewellery through a capillary network; Luxury Zone, jewellery stores dedicated to high-end jewellery with point of sales in the main designer outlets , Alfieri & St. John, a luxury jewellery brand.
www.orocash.it
www.luxuryzone.it
www.alfieristjohn.it
Duplomatic Oleodinamica
sector
Industrial & Mechanical
status
Realised
fund
PI II
entry date
April 2013
exit date
March 2017
business description
Market leading niche player in precision mechanics involved in the manufacturing and distribution of hydraulic components (pumps, valves and cylinders) and hydraulic systems, with applications across many industrial sectors (machine tools, construction, light agriculture, ship building, traditional and renewable energy, metal forming and machinery).
www.duplomatic.com
www.continentalhydraulics.com
Italchimici
sector
Healthcare
status
Realised
fund
PI II
entry date
July 2015
exit date
May 2016
business description
Leading generics pharmaceutical company in the Italian branded generics drug market specialized in treatment of respiratory and gastrointestinal disorders and focused on pediatrics. The three main brands are Reuflor, Peridon and Aircort.
www.italchimici.com
Giorgetti
sector
Lifestyle
status
Unrealised
fund
PI II
entry date
August 2015
business description
High-end Italian furniture manufacturer serving – also through the controlled company Battaglia Interior Contractors (acquired in 2018) – both private and corporate customers worldwide, covering projects for homes, offices, hotels, restaurants, fashion retail and super-yachts etc. Founded in 1898 and headquartered in the design and furniture district, it is renowned globally as a prime example of Italian style and excellence. Its collections reflect local tradition and are distinguished by their iconic style and high quality and range from classical to contemporary.
www.giorgettimeda.com
www.battagliacontract.com
Industrie Chimiche Forestali
sector
Industrial & Mechanical
status
Realised
fund
PI II
entry date
January 2016
business description
Production of chemical adhesives for industrial applications (including automotive, footwear and flexible packaging) and special fabrics used in the manufacturing of footwear. Set up in 1918 as a company specialized in the extraction of pyroligneous acid from wood for the production of adhesives, is an environmental friendly chemical company with outstanding technical know-how and a large base of solvent free and water-based products.
Garda Plast
sector
Industrial & Mechanical
status
Realised
fund
PI II
entry date
July 2017
exit date
October 2023
business description
Production of preforms in P.E.T. which are blown into bottles by the customer and then filled mainly with water, soft drinks, milk and detergents. Garda Plast Group – which includes the controlled company Ifap (acquired in 2018) – is a leading Italian player with a long-lasting presence in the reference market, a strong know-how and a state-of-the-art production facilities.
Save The Duck
sector
Lifestyle
status
Realised
fund
PI III
entry date
March 2018
exit date
April 2022
business description
Design and distribution of premium puffer jackets and outerwear apparel, 100% animal-free and with a unique balance between quality/style and affordability. Created in 2012, the brand is recognized worldwide for its top quality products and strong storyline based on respect for animals and sustainability.
Gampack
sector
Industrial & Mechanical
status
Unrealised
fund
PI III
entry date
January 2019
business description
Production of machinery and systems for secondary packaging (shrink wrappers and cardboard packers) focused on the beverage sector. Founded in Podenzano (Piacenza) in 2004, in the so-called “Italian packaging valley”, thanks to the solidity, reliability and speed of its machines and to the high level of service provided to the customer, the company has established a specific niche and is a prominent player in the sector.
Gelit
sector
Food & Beverage
status
Unrealised
fund
PI III
entry date
May 2019
business description
Production of private label frozen ready meals sold in Italy and abroad. Recognised for its ability to develop new recipes and the extensive production flexibility in its Cisterna di Latina-based plant position, Gelit is the key first-meal and crepes private-label supplier for most of the main Italian Large Scale Retailers. Gelit realize an important part of the revenues abroad, in particular in the United States.
Damiano
sector
Food & Beverage
status
Unrealised
fund
PI III
entry date
July 2019
business description
Production and sale of organic almonds and other organic dried fruit since 1964. Damiano’s range of products includes whole nuts, spreads and butters sold to specialized and large scale retailers as well as food processing companies . All the products are strictly organic: a pioneering vision led Damiano becoming the market leader for organic almonds
Polenghi Food
sector
Food & Beverage
status
Unrealised
fund
PI III
entry date
August 2019
business description
Marketing and distribution of lemon / lime juice products for the food dressing industry, with a relevant part of the business in the organic niche. The own brands are leaders across the reference markets. Founded in 1976 and located in Piacenza, the group has productive and commercial subsidiaries across Europe and USA and sell its product mostly to modern trade in more than 80 countries worldwide.
Interni
sector
Lifestyle
status
Realised
fund
PI III
entry date
October 2019
exit date
November 2021
business description
Leading player in the design and distribution of top luxury furniture since 1933, offering tailor-made services to its high-end clients. Interni operates through a network of multi-brand and mono-brand stores offering its renown desing experience in partnership with the best manufacturers and editors of the industry.
Assist Digital
sector
Digital
status
Realised
fund
PI III
entry date
December 2020
exit date
March 2023
business description
Customer Relationship Management (CRM) services focused on digital transformation. Blending human and artificial intelligence with a multi-channel strategy, Assist Digital offers business process outsourcing services and digital consulting services.
ATK Sports
sector
Lifestyle
status
Unrealised
fund
PI III
entry date
May 2021
business description
Leading developer and producer of ski touring bindings and accessories. ATK Bindings are at the forefront of ski touring in terms of quality, durability, design and performance and are used by most participants in Ski Touring World Cups. The Company also develops and produces bindings for leading ski brands turning to ATK to complete their ski touring offer.
Officine S. Giacomo
sector
Industrial & Mechanical
status
Unrealised
fund
PI IV
entry date
May 2024
business description
Leading developer and producer of small and medium- sized mechanical presses for metal stamping applications. Officine S. Giacomo – with c. 100 clients around Italy, Europe and North America – serves a broad spectrum of end-markets including consumer goods, electronics, packaging, healthcare, e-mobility.
Archiva Group
sector
Digital
status
Unrealised
fund
PI IV
entry date
Jun 2024
business description
Provider of digital B2B services primarily to mid-market corporates and large SMEs through a proprietary cloud-based platform. Archiva’s core business focuses od document archiving and storage, electronic signature and electronic invoicing services, along with system integration/digitization processes services through proprietary and third-party software.