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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 32 SOURCES

PM & Partners SGR

Also known as PM&Partners, PM & Partners, PM & Partners SGR S.p.A.

Independent private equity SGR (founded 2000; Rome seat, Milan office) taking majority stakes in Italian mid-sized companies through the PM&Partners I–III funds, backed by institutional investors.

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

Focus

STAGES
GrowthBuyout
SECTORS
Industrial & ManufacturingConsumer & E-commerceFood & AgricultureSoftware & SaaSMedia & Entertainment
ASSET MIX
Private equityDirect investments
GEOGRAPHY
Italy

Overview

PM & Partners SGR is an independent Italian private equity manager, founded in 2000, that has invested in Italian mid-sized companies for over 20 years. Its funds are subscribed by Italian and foreign institutional investors including pension funds, insurers, banks, foundations and family offices. It has invested through three funds, PM&Partners I, II and III, mostly in majority buyouts with add-on acquisitions. The firm's registered seat is in Rome and its operating office in Milan.

Investment thesis

Majority buyouts and growth deals in Italian SMEs with international growth potential, often supporting founder transitions and buy-and-build programmes.

PORTFOLIO (23)

  • FinlogicNOTABLE
    Industrial & Manufacturing
  • Bia
    Food & Agriculture
  • Cognitive
    Media & Entertainment
  • Cosmelux
    Industrial & Manufacturing
  • Italtergi
    Industrial & Manufacturing
  • Montana
    Climate & Energy
  • Cytech
    Consumer & E-commerce · Exited (sold to Röko, August 2026, per BeBeez)
  • Seta Beauty Clinic
    Consumer & E-commerce · since 2026
  • Plastiape
    HealthTech · Exited
  • Emmeti
    Industrial & Manufacturing · Exited
  • OMT (Officine Meccaniche Torino)
    Industrial & Manufacturing · Exited
  • Relevi
    Consumer & E-commerce · Exited
  • Monviso
    Food & Agriculture · Exited
  • La Patria
    Industrial & Manufacturing · Exited
  • Argenta Group
    Consumer & E-commerce · Exited
  • Eco
    Industrial & Manufacturing · Exited
  • Idra
    Industrial & Manufacturing · Exited
  • Elemaster
    Industrial & Manufacturing · Exited
  • Alfatherm
    Industrial & Manufacturing · Exited
  • AEB
    Food & Agriculture · Exited
  • Aive
    Software & SaaS · Exited
  • Maccorp
    Fintech · Exited
  • Vimec
    Industrial & Manufacturing · Exited

People

  • Andrea Mugnai
    Founding Managing Partner · source
  • Riccardo Rainone
    Managing Partner · source
  • Massimo Lanza
    Chairman of the Board · source
  • Angelo Sfregola
    Chief Financial Officer · source
  • Pietro Ricolfi
    Investment Manager · source
  • Federico Seveso
    Investment Manager · source
  • Filippo Saturni
    Investment Analyst · source

Links

Frequently asked questions

PM & Partners SGR is a private equity fund based in Milan, Italy, founded in 2000.

Yes. PM & Partners SGR invests its own capital in private companies.

PM & Partners SGR invests at Growth and Buyout stages in Industrial & Manufacturing, Consumer & E-commerce, Food & Agriculture, Software & SaaS and Media & Entertainment.

Key people at PM & Partners SGR include Andrea Mugnai (Founding Managing Partner), Riccardo Rainone (Managing Partner), Massimo Lanza (Chairman of the Board) and Angelo Sfregola (Chief Financial Officer).

PM & Partners SGR's investments include Finlogic, Bia, Cognitive, Cosmelux, Italtergi, Montana, Cytech and Seta Beauty Clinic, among others.

The most recent publicly reported investment by PM & Partners SGR is Seta Beauty Clinic (59% majority stake (PM&Partners III)), announced in Sep 2026.

Yes. PM & Partners SGR manages capital from outside investors.