ITAGO SGR
Also known as ITAGO Società di Gestione del Risparmio S.p.A., Itago Partners, ITAGO
Venice-based private equity manager (SGR, EuVECA-registered) investing through the ITAGO IV fund in Italian export-oriented SMEs with €10–100M revenue; offices in Venice and Milan.
- HEADQUARTERS
- Venice, Italy
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 6 people
Focus
- STAGES
- GrowthBuyout
- ASSET MIX
- Private equity
- GEOGRAPHY
- Italy
Overview
ITAGO SGR is an independent private equity management company based in Venice, with a second office in Milan, that manages the closed-end fund ITAGO IV for Italian SMEs. It invests in growth capital, shareholder replacement, buyouts and MBI/MBO deals, mainly for majority stakes, in niche-leading, export-oriented companies with €10–100M revenue; it does not do turnarounds or venture capital. The team reports 35 SME investments totalling €300M over more than 15 years together. Its parent, ITAGO S.r.l., advises NEIP III SICAF.
Investment thesis
Italian SMEs with €10–100M turnover and strong export focus that lead niche markets with entry barriers and a technical edge; growth via build-ups and geographic expansion, generational change and managerial strengthening; limited leverage, management incentive plans, majority or minority stakes with predefined exit and governance rules; no turnarounds or early-stage deals.
PORTFOLIO (17)
- AXEYA (Idrostudi)Industrial & Manufacturing
- Apice
- Eco-Techno (Rhevalia group)Industrial & Manufacturing
- Vernici CaldartIndustrial & Manufacturing · Exited
- TeknoiceIndustrial & Manufacturing · Exited
- OperamedExited
- Panificio San FrancescoFood & Agriculture · Sale agreed (Dec 2025)
- SR MecatronicIndustrial & Manufacturing
- SpraytechIndustrial & Manufacturing
- Scame Forni IndustrialiIndustrial & Manufacturing
- CVS FerrariIndustrial & Manufacturing
- ISA – AltanovaIndustrial & Manufacturing
- ABL
- Forno d’AsoloFood & Agriculture
- LafertIndustrial & Manufacturing
- Nuova Giungas
- VimecIndustrial & Manufacturing
People
Links
Frequently asked questions
ITAGO SGR is a private equity fund based in Venice, Italy.
Yes. ITAGO SGR invests its own capital in private companies.
ITAGO SGR invests at Growth and Buyout stages in Industrial & Manufacturing and Food & Agriculture.
ITAGO SGR's stated ticket size is €7M–€20M.
Key people at ITAGO SGR include Domenico Tonussi (Managing Partner), Nicola Bordignon (Managing Partner), Piergiorgio Fantin (Partner) and Daniele Mondi (Partner).
ITAGO SGR's investments include AXEYA (Idrostudi), Apice, Eco-Techno (Rhevalia group), Vernici Caldart, Teknoice, Operamed, Panificio San Francesco and SR Mecatronic, among others.
The most recent publicly reported investment by ITAGO SGR is AXEYA (Idrostudi, Overgrid, ETS, ETC Engineering, ASDEA) (Add-on / platform build-up), announced in Sep 2026.
ITAGO SGR states that it accepts submissions through its official contact page.
Yes. ITAGO SGR manages capital from outside investors.