Mario Visioni - Biography

Mario Visioni In private equity since the early 90's. In Alto Partners , Mario Visioni focuses on deal structuring, execution and monitoring, with significant expertise in financial monitoring and reporting.

He has particular expertise in the leather and luxury goods, and leisure and lifestyle sectors. Prior to joining Alto Partners , M. Visioni worked from 1988 to 1995 with Sanpaolo Finance, the private equity arm of the San Paolo di Torino banking group (today Intesa San Paolo), where he managed numerous investments.

Between 1995 and 2000, M. Visioni worked for Westdeutsche Landesbank where, prior to departure, he was an Executive Director with responsibilities within its private equity and structured finance operations in Italy. In this role, he managed a number of investments and was active as a consultant for the investment operations in Italy of West Private Equity, the group's pan-European private equity fund. Previously, he also worked in the corporate finance department of Mediobanca. M. Visioni holds a degree in Business Administration from Bocconi University in Milan.

Stefano Scarpis - Partner of Alto Partners S.G.R.

Stefano Scarpis Stefano Scarpis worked for ten years in the corporate finance department of Mediobanca in Milan, where he was in charge of the financial restructuring of a number of large Italian industrial groups such as Ferruzzi-Montedison, Pirelli and Premafin. S. Scarpis holds a degree in Business Administration from Siena University and an MBA from Bocconi University in Milan. He was a member of AIFI's executive committee from 2003 to 2009.

Raffaele de Courten - Partner of Alto Partners


Mario Visioni Prior to joining Alto Partners , Raffaele de Courten worked for 11 years in the corporate finance department of Mediobanca in Milan, where he first worked on equity transactions and later had responsibility for the funding strategy of the bank on the debt capital markets side as well as the organisation of debt operations for the bank's clients (including Enel, Ferrovie dello Stato, Assicurazioni Generali, Italcementi, the EIB and the World Bank). R. de Courten holds a degree in Business Administration from LUISS University in Rome. He is a member of AIFI's executive committee.


Alto Partners acquires Monviso from 3i

Stefano Scarpis Headquartered in Andezeno, Monviso was founded in 1936 as a producer of hand-made food for children and diabetics. In the early 70s the company started to increase its production and also expanded into the non-dietary food segment. Today, under the brand Panmonviso, the company ranks at the top of the Italian market far bread substitutes, producing rusks, breadsticks, gluten-free products, biscuits and croutons. Monviso has a workforce of 110 and operates through three dedicated manufacturing facilities.

The company has gross revenues of more than €30m and an EBITDA of approximately 15%. In 2007 the Italian market for bread substitutes reached approximately €950m and in the last three years the market has been growing at a significantly higher rate than that of the general food market (4.1% versus 1.6%). The investors plan to support the company by improving distribution, in particular in the HORECA sector, strengthening the presence in important markets such as central and northeastern Italy, and by assessing strategic acquisitions.

Alto Partncrs has acquired an 89% stake in Monviso from private equity fund 3i. The balance is held by the management, led by CEO Massimo Chinarelli, and the shareholders, Franco Gribaldi and Franco Vitale. The proprietary deal took two months to complete and represents the sixth investment of Alto Capital II fund.

Massimo Chinarelli will remain as the company's CEO. Stefano Scarpis , Mario Visioni , and Alice Barberini handled the deal for Alto Partners. Lorenzo Zamboni led for 3i.

Alto Partners buys Rubinetterie Toscane Ponsi

Stefano Scarpis Viareggio-based Ponsi was established in 1948 by four brothers and until recently was owned by 12 shareholders, children and nephews of the founders. The company specialises in the manufacture of bathroom taps and mixers. It has a presence in Tuscany, Emilia Romagna, Umbria and Lazio while 20% of its sales originate from Greece, The Netherlands, Germany and the Far East.

Ponsi employs over 70 staff. The backers' plan is to support the continued growth of the company, to promote M&A activity mostly in Italy and to improve exports to reach international sales in the range that sector competitors currently operate (50%) through a more efficient sales channel and through increased communication and marketing investments.

Stefano Scarpis , Mario Visioni and Alice Barberini led the deal for Alto Partners ; Visioni and Barberini will join the company's board. Umberto Grazzini will remain the company's general manager. Davide Ramelli, Gabriele Colla led the deal on behalf of Interbanca.

Alto Partners completes Rancilio buyout

Stefano Scarpis Coffee machine maker Rancilio has sold 16.67% of its share capital to Alto Partners via a limited auction process managed by KPMG Corporate Finance.

The investors valued the business based on its multiple of earnings and will support the company's growth via acquisitions in Italy and abroad. To that end, the GPs may consider underwriting further capital increases. Upon completion of the deal, existing owners Giorgio, Roberto, Silvia and Luca Rancilio will own a joint stake of 83.33%. The acquisition is forecast to close by the end of September. By that time, the GPs will have decided on the leveraged finance aspects of the transaction.

Stefano Scarpis , Mario Visioni and Alice Barberini of Alto Partners handled the deal.