The succession moment
Thousands of Italian SMEs have founders nearing retirement with no clear succession plan. A concrete way out — one that preserves the legacy.
Ascari Capital is an Italian fund built to identify, acquire, and operate a single private excellence. We don't invest in many companies — we find one, and become its stewards.
Why Ascari
From a champion, a method.
Alberto Ascari, two-time Formula 1 world champion, was Italy's greatest racing driver. He didn't win because he had the fastest car — he won because he prepared every race down to the detail, read the track better than anyone else, and took every corner at the limit with surgical discipline.
Our track is the Italian SME market. The approach is the same: rigorous screening, disciplined execution, one transaction done right.
01
Screening
Thousands of profiles filtered, dozens looked at deeply. One chosen.
02
Execution
Discipline in the details, never the rush to close. Every clause weighed.
03
Stewardship
One deal, held for years. Not many, half-managed.
Why sell
Four reasons that speak for themselves.
The 'No Man's Land'
Companies with EBITDA between €2 and €5 million: too small for institutional private equity, too large for individual buyers. We focus precisely on this overlooked segment.
Continuity, not disruption
The founder stays on board for the time needed to ensure a smooth transition. Relationships, customers, culture — everything is preserved.
Flexible terms
Earn-out, vendor loan, seller financing: we structure the deal around the founder's needs, not the other way around.
A chi ci rivolgiamo
Quello che cerchiamo.
Profitable Italian companies, with EBITDA between €2 and €5 million and at least three years of profitability. A founder ready for generational succession, a majority stake for sale. Central and North-West Italy. Industry-agnostic, with a thematic tilt.
The principal
Matteo Nardini
Principal
15 years as CFO in Italian industrial groups — SeSa, Kedrion, Fosber. A career spent inside family businesses very much like the ones we look for: I speak their language, not just finance jargon.
From Lucca
A city where time is measured in centuries.
Home of Ascari Capital, on the Lucca-Bologna-Milan entrepreneurial corridor. Proximity matters more than scale: in-person meetings, direct relationships, decisions made face-to-face.