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Italy continues to be one of the most active European markets for SFs, particularly in terms of new vehicles established to acquire SMEs. The latest one to complete its fundraising is Vesta Capital, launched by Francesco D’Egidio and Massimo Piovesana, two professionals with solid backgrounds in PE and strategic consulting. They have attracted a diverse group of successful investors, including institutional funds, private investors, and entrepreneurs such as Istria Capital, JB46, ONEtoONE Asset Management, SFClub, Search Capital Partners, Vito Giurazza, Paolo Guida, Alexander de Luca (Athena Holding), Leonardo Valenti, Davide Ciattoni, and Biagio De Marinis.
Francesco brings over ten years of experience working for leading international firms in Milan and London. He began his career in Italy at consulting firms such as Parva, Tefen, and Boston Consulting Group, where he led multiple projects across sectors including civil aviation, retail, and automotive. His work focused on optimizing internal processes, strengthening commercial potential, and defining long-term strategies for business growth. In 2018, he joined Pillarstone, a KKR investment platform focused on acquiring and revitalizing distressed companies. Most recently, he was at SCP Group, where he coordinated operations of both small and large companies across various industrial sectors.
Engineer Massimo brings approximately fifteen years of experience. After short tenures at IBM Global Services and General Electric, he joined Innext, a boutique consulting firm, where he supported SMEs in relaunch, growth, and internationalization projects. He later joined Boston Consulting Group, working on the design and execution of industrial plans in sectors such as industrial goods, energy, and telecommunications, with a strong focus on cost efficiency, process optimization, and operational simplification. In 2018, he also joined Pillarstone, where he was involved in all phases of the investment cycle, particularly focusing on managing companies in the entertainment, retail, telecommunications, and packaging sectors, working closely with CEOs and management teams.
Their search will focus on identifying a robust, profitable company with a strong competitive position. They favor strategic sectors of the Italian industrial fabric, particularly those with favorable structural dynamics and growing demand. As they explain: “Vesta Capital was born with the ambition to contribute to the growth of Italian SMEs and support the process of intergenerational transition. We are fully aware of the social role of the entrepreneur, and we aim to pursue a virtuous growth model that enhances the entire ecosystem. With this in mind, we believe Italy can become a reference market for this type of investment, thanks to the abundance of profitable, family-owned SMEs characterized by unique and globally recognized specialized skills.”
Legal: Gatti Pavesi Bianchi Ludovici
