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Private Equity FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

Equinox

Also known as Equinox AIFM, Equinox Partners, Equinox Investments

Private equity firm founded in 2000 investing in the Italian mid-market through Luxembourg funds managed by Equinox AIFM; Milan office Equinox Partners; Equinox IV first close Oct 2025.

Italian mid-market private equity firm (Equinox AIFM, Luxembourg / Equinox Partners, Milan); not to be confused with other firms named Equinox.

HEADQUARTERS
Milan, Italy
FOUNDED
2000
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
5 people

Focus

STAGES
GrowthBuyout
SECTORS
Consumer & E-commerceIndustrial & ManufacturingFood & AgricultureSoftware & SaaS
ASSET MIX
Private equity
GEOGRAPHY
Italy

Overview

Equinox is a private investment firm focused on the Italian mid-market, founded in 2000 by Salvatore Mancuso. Its funds are managed by Equinox AIFM, a Luxembourg AIFM authorised by the CSSF (licence A00001645), and it has a Milan office, Equinox Partners. It takes majority and co-control stakes alongside entrepreneurs under four themes: mindful products and services, pleasing lifestyle, healthy habits, and innovative and sustainable solutions. In October 2025 it held the first closing of Equinox IV, a Luxembourg RAIF for Italian mid-caps with revenues up to €200M.

Investment thesis

Generalist Italian mid-market investing in primary deals and co-control situations alongside entrepreneurs, driving value through organisational improvement, M&A, international expansion, innovation and digitalisation; €20–50M tickets per the AIFI card.

PORTFOLIO (12)

  • IntercosNOTABLE
    since 2003
  • Church'sNOTABLE
    since 2003
  • Modulblok
    Industrial & Manufacturing · since 2023
  • Migal Group
    since 2021
  • Salpa & Cherubini
    Food & Agriculture · since 2021 · Exited
  • Pizzium
    Consumer & E-commerce · since 2021
  • Pedemonte Group
    Consumer & E-commerce · since 2020 · Exited
  • Clas
    Food & Agriculture · since 2020 · Exited
  • MVC Group
    since 2019
  • Quid Informatica
    Fintech · since 2019 · Exited
  • Esaote
    since 2006
  • Moby
    since 2002

People

  • Giorgio Mercogliano
    Managing Partner · source
  • Andrea Bovone
    Partner · source
  • Alessandro Dinardo
    Partner · source
  • Carlo Cangialosi
    Partner · source
  • Alberto Rossetti
    Chairman, Equinox AIFM · source

Links

Frequently asked questions

Equinox is a private equity fund based in Milan, Italy, founded in 2000.

Yes. Equinox invests its own capital in private companies.

Equinox invests at Growth and Buyout stages in Consumer & E-commerce, Industrial & Manufacturing, Food & Agriculture and Software & SaaS.

Equinox's stated ticket size is €20M–€50M.

Key people at Equinox include Giorgio Mercogliano (Managing Partner), Andrea Bovone (Partner), Alessandro Dinardo (Partner) and Carlo Cangialosi (Partner).

Equinox's investments include Intercos, Church's, Modulblok, Migal Group, Salpa & Cherubini, Pizzium, Pedemonte Group and Clas, among others.

The most recent publicly reported investment by Equinox is Modulblok (Majority acquisition (60%)), announced in Jun 2023.

Yes. Equinox manages capital from outside investors.