# FSI SGR
Firm at a glance
FSI SGR is a platform-focused private equity firm headquartered in Milan, Italy [S1].
What they buy
Based on publicly disclosed transactions, FSI SGR targets Italian mid-market companies across multiple sectors. Recent activity includes investments in food processing (Casalasco), technology services (Lynx SPA), financial services (Numia), and luxury fashion (Missoni) [S2]. The firm appears to concentrate on established businesses with growth potential in the Italian market, often partnering with existing management teams and institutional co-investors.
Portfolio
Specific portfolio company details beyond recent transactions are not publicly available as of the date of this profile. Known investments from the past 24 months include Casalasco in food manufacturing, Numia in financial services (acquired in partnership with Banco BPM and Gruppo BCC Iccrea), and Missoni in luxury fashion [S2].
Recent activity (last 24 months)
– Acquired Missoni (March 2026) [S2]
– Acquired Casalasco (March 2025) [S2]
– Exited Lynx SPA (March 2025) [S2]
– Closed FSI Fund at €1.5 billion, described as the largest European growth fund dedicated to a single country (February 2025) [S3]
– Acquired Numia in partnership with Banco BPM and Gruppo BCC Iccrea (October 2024) [S2]
How this firm fits a seller
FSI SGR may appeal to Italian business owners seeking a domestic investor with substantial capital resources and a track record of supporting growth in mid-market companies. The firm’s recent €1.5 billion fund close suggests significant dry powder for new investments [S3]. Sellers should note that FSI appears to favor partnership structures, as evidenced by the Numia transaction involving multiple institutional co-investors, which may suit owners looking to retain some involvement or share risk with established financial institutions [S2].
Sources
[S1] https://www.fondofsi.it (as of 2025-01-15 and 2022-08-05)
[S2] https://www.fondofsi.it/media/ (transaction dates as listed)
[S3] https://www.fondofsi.it/media/ (as of 2025-02-25)
Frequently asked questions
Does FSI SGR buy food processing businesses?
Yes, FSI SGR has demonstrated interest in the food sector. The firm acquired Casalasco, a food processing company, in March 2025 [S2]. This transaction suggests the firm is open to investments in Italian food manufacturing and related industries.
What companies has FSI SGR acquired recently?
Recent acquisitions include Missoni (luxury fashion, March 2026), Casalasco (food processing, March 2025), and Numia (financial services, October 2024) [S2]. The firm also completed an exit of Lynx SPA in March 2025 [S2].
Where is FSI SGR based and how big is the firm?
FSI SGR is based in Milan, Italy, with offices at Passaggio Centrale 7, 20123 Milan [S1]. The firm closed a €1.5 billion fund in February 2025, which was reported to be the largest European growth fund dedicated to a single country [S3].
Is FSI SGR still actively acquiring?
Yes, FSI SGR appears to be actively acquiring. The firm completed multiple acquisitions in 2024 and 2025, with the most recent being Missoni in March 2026 [S2]. The February 2025 close of a €1.5 billion fund further indicates active investment capacity [S3].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.