Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 9 SOURCES

Wise Equity

Also known as Wise Equity SGR S.p.A., Wise SGR

Independent Milan SGR founded in 2000 investing in Italian small and mid-size companies (€20–150M sales) through the Wisequity funds; Wisequity VI (launched 2023) has €400M committed.

HEADQUARTERS: Milan, Italy
FOUNDED: 2000
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 14 people

Focus

STAGES: GrowthBuyout
SECTORS: Industrial & Manufacturing Consumer & E-commerce HealthTech Food & Agriculture Software & SaaS
ASSET MIX: Private equity
GEOGRAPHY: Italy

Overview

Wise Equity SGR S.p.A. is an independent Milan fund management company founded in 2000 that invests in export-oriented Italian small and mid-size companies that lead specific market niches. It co-invests with entrepreneurs and management, uses conservative leverage and pursues add-on acquisitions and sector consolidation. It has launched six Wisequity funds, from Wisequity I (2001, €100M) to Wisequity VI (2023, €400M), and reports about €950M invested in 45 direct investments with 33 divestments.

Investment thesis

Export-oriented Italian leaders in market niches with €20–150M of sales, compelling industrial plans and/or a need to professionalise management; majority or co-investments alongside entrepreneurs and management, conservative leverage, buy-and-build in Italy and abroad (about 2.5 add-ons per investment), and sustainability work at portfolio companies.

PORTFOLIO (22)

OnetagNOTABLE
Software & SaaS · since 2022
VittoriaNOTABLE
Consumer & E-commerce · since 2020
TapìNOTABLE
Industrial & Manufacturing · since 2017 · Exited
AlpitourNOTABLE
since 2012 · Exited
E-Pharma Trento
since 2026
Union-Capita
Consumer & E-commerce · since 2026
FAS
Industrial & Manufacturing · since 2026
Marullo
Food & Agriculture · since 2025
Absolute
Consumer & E-commerce · since 2024
Casa della Piada
Food & Agriculture · since 2024
Greenexta
Food & Agriculture · since 2024
MEP
Industrial & Manufacturing · since 2024
NTC
since 2022
Almac
Industrial & Manufacturing · since 2022
Special Flanges
Industrial & Manufacturing · since 2021
Selle Royal Group
Consumer & E-commerce · since 2021
Fi.Mo.Tec.
Industrial & Manufacturing · since 2020
Waycap
Consumer & E-commerce · since 2019
Corob
Industrial & Manufacturing · since 2016 · Exited
Innovery
Software & SaaS · since 2019 · Exited
Kiian
Industrial & Manufacturing · since 2012 · Exited
Cantiere del Pardo
Consumer & E-commerce · since 2020 · Exited

People

Paolo Gambarini
Founding Partner · source
Michele Semenzato
Founding Partner · source
Valentina Franceschini
Partner · source
Stefano Ghetti
Partner · source
Fabrizio Medea
Partner · source
Luigi Vagnozzi
Partner · source
Davide Arrigoni
Principal · source
Alessio Riccioni
Principal · source
Bruno Barago
Principal · source
Paolo Zucchi
Principal · source
Ilaria Montefusco
Investment Manager · source
Ascanio Recchi
Investment Manager · source
Edoardo Vaghi
Investment Manager · source
Antonella D’Amicis
Investment Manager · source

Frequently asked questions

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

Yes. Wise Equity invests its own capital in private companies.

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

Wise Equity's stated ticket size is €10M–€50M.

Key people at Wise Equity include Paolo Gambarini (Founding Partner), Michele Semenzato (Founding Partner), Valentina Franceschini (Partner) and Stefano Ghetti (Partner).

Wise Equity's investments include Onetag, Vittoria, Tapì, Alpitour, E-Pharma Trento, Union-Capita, FAS and Marullo, among others.

The most recent publicly reported investment by Wise Equity is E-Pharma Trento (Majority stake (Wisequity VI)), announced in Aug 2026.

Yes. Wise Equity manages capital from outside investors.