Where we invest
The Italian mid-market opportunity
Italy is the second largest manufacturing economy in Europe, with a diversified industrial base characterized by a large presence of small and medium-size enterprises.
Mid-market companies represent the bulk of the Italian corporate landscape and offer a number of attractive investment features:
![ellisse-chisiamo ellisse-chisiamo](https://www.fondofsi.it/wp-content/uploads/ellisse-chisiamo-1-28x28.png)
Presence of several businesses which are leaders in their product niche and with growth potential, in Italy and abroad
![ellisse-chisiamo ellisse-chisiamo](https://www.fondofsi.it/wp-content/uploads/ellisse-chisiamo-1-28x28.png)
Widespread presence of family-owned businesses which are involved in succession plans or need to introduce external management in order to deliver growth
![ellisse-chisiamo ellisse-chisiamo](https://www.fondofsi.it/wp-content/uploads/ellisse-chisiamo-1-28x28.png)
Domestic focused sectors presenting high fragmentation or opportunity to benefit from penetration upside
![ellisse-chisiamo ellisse-chisiamo](https://www.fondofsi.it/wp-content/uploads/ellisse-chisiamo-1-28x28.png)
Undercapitalisation and limited recourse to capital markets