Progressio SGR

Progressio SGR, established in 2005, is a Milan-based independent private equity firm. It manages approximately 306 million Euros across two funds, investing in small and medium-sized companies with revenues between 20 and 200 million Euros. The firm focuses on industrial and service sectors, targeting majority and minority stakes through buy-outs, buy-ins, and expansion financing. Progressio SGR partners with family-owned companies and motivated entrepreneurs, aiming to support their growth and operational development.

Simone Assanelli

Investment Manager

Mauro Ballabio

Operating Partner

Leonardo Ballardini

Analyst

Nicola Carbone

CFO

Alessandro D'arco

Partner

Massimo Dan

Partner

Eleonora Giacometti

Analyst

Angelo Piero La Runa

Senior Partner

Giovanni Pesce

Investment Manager

Alessandro Petraccia

Senior Partner

Past deals in Adriatic

Interni

Private Equity Round in 2019
Interni is an Italian company based in Milan that specializes in designer furniture, interior design, and project management. Established in 1933 in Verano Brianza, the company has a rich history that reflects the success of "Made in Italy" design on a global scale. Interni offers a comprehensive range of services, including the provision of lighting, bathroom and kitchen products, textiles, and wellness solutions. The company is dedicated to implementing innovative interior design solutions tailored to the diverse backgrounds and styles of its clients. With a commitment to quality and creativity, Interni continues to manage complex interior design projects worldwide, embodying the passion and vision of its founders.

Damiano

Acquisition in 2019
Damiano is a producer of organic food products specializing in almond spreads, dried fruits and other organic nuts, including almonds, spreads, chocolate-covered almonds, pistachios, pine nuts and butter, with a focus on convenient, healthy snacking and the addition of nutritious ingredients to meals.

Damiano

Private Equity Round in 2019
Damiano is a producer of organic food products specializing in almond spreads, dried fruits and other organic nuts, including almonds, spreads, chocolate-covered almonds, pistachios, pine nuts and butter, with a focus on convenient, healthy snacking and the addition of nutritious ingredients to meals.

Gelit

Private Equity Round in 2019
Gelit is a prominent Italian company specializing in the production and supply of frozen foods and pasta products. Since the early 1990s, Gelit has been a pioneer in the frozen dinner market, offering a wide range of high-quality ready-to-eat meals, pancakes, and restaurant food. The company serves both domestic and international markets under its own brands as well as private labels, providing customers with convenient access to various frozen food options.

Duplomatic Oleodinamica

Acquisition in 2013
Duplomatic MS S.p.A. is a manufacturer and supplier of hydraulic valves and components for various industrial applications. The company offers a diverse range of products, including proportional valves for pressure and flow control, directional control valves, pressure control valves, flow control valves, check valves, modular valves, pumps, and cylinders. Additionally, Duplomatic provides complementary items such as subplates, manifolds, and hydraulic systems, as well as after-sales services. Its products cater to sectors such as energy, metal forming, plastics, oil and gas, shipbuilding, and machine tools. Founded in 1952 and headquartered in Parabiago, Italy, the company has a global presence with sales networks spanning Europe, the Middle East, the Far East, North America, South America, Africa, and Oceania. Formerly known as Duplomatic Oleodinamica S.p.A., the company rebranded to Duplomatic MS S.p.A. in October 2017, reflecting its commitment to innovation and customer service in the hydraulics market.

Duplomatic Oleodinamica

Private Equity Round in 2013
Duplomatic MS S.p.A. is a manufacturer and supplier of hydraulic valves and components for various industrial applications. The company offers a diverse range of products, including proportional valves for pressure and flow control, directional control valves, pressure control valves, flow control valves, check valves, modular valves, pumps, and cylinders. Additionally, Duplomatic provides complementary items such as subplates, manifolds, and hydraulic systems, as well as after-sales services. Its products cater to sectors such as energy, metal forming, plastics, oil and gas, shipbuilding, and machine tools. Founded in 1952 and headquartered in Parabiago, Italy, the company has a global presence with sales networks spanning Europe, the Middle East, the Far East, North America, South America, Africa, and Oceania. Formerly known as Duplomatic Oleodinamica S.p.A., the company rebranded to Duplomatic MS S.p.A. in October 2017, reflecting its commitment to innovation and customer service in the hydraulics market.

Gens Aurea

Private Equity Round in 2010
Gens Aurea is a luxury retail company based in Osnago, Italy, specializing in the sale of gold, precious stones, high-end jewelry, and luxury watches. The company operates a chain of stores that facilitate both the sale and trade of precious metals, including gold and silver, as well as diamonds and other valuable ornaments. By offering cash-for-gold services, Gens Aurea enables clients to exchange their precious items for cash or select from a range of high-quality jewelry and watches tailored to their preferences.

Ceramica Rondine

Private Equity Round in 2006
Rondine S.p.A. is a manufacturer of ceramic tiles, specializing in porcelain floor and wall tiles. Founded in 1961 and based in Rubiera, Italy, the company designs, produces, and distributes a variety of ceramic products that cater to both residential and commercial spaces, including bathrooms, kitchens, living rooms, and outdoor areas. Rondine is recognized for its innovative offerings, such as wood effect porcelain stoneware and three-dimensional stone effect tiles. The company primarily sells its products through a network of dealers and has established itself as a significant player in the Italian ceramic industry. As of October 2018, Rondine operates as a subsidiary of Italcer Spa.

Moncler

Private Equity Round in 2006
Moncler is a luxury outerwear brand founded in 1952 in France and now headquartered in Italy. The company blends high‑performance mountaineering technology with contemporary fashion, producing jackets, knitwear, accessories and footwear that meet both extreme and everyday needs. Since 2003, Remo Ruffini has led the company as chairman and CEO. Moncler manufactures and sells its collections through a network of mono‑brand boutiques and selective department stores, with 86% of sales generated directly to consumers. The brand operates in roughly 70 countries across Italy, EMEA, Asia and the Americas, and in 2024 its Stone Island acquisition contributed about 13% of revenue. Core outerwear accounts for 75‑80% of sales, while accessories, knitwear and footwear make up the remainder. In 2014 the company reported €694.2 million in revenue and €232.9 million in EBITDA.
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