Sorprano
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Sorprano - overview
Location
Florence, -, Italy
Primary Industry
Financial Services
About
Sorprano SGR S. p. A. is an asset management firm based in Florence, Italy, specializing in a diverse range of investment funds aimed at both institutional and individual investors, focusing on capital preservation and growth strategies.
Founded in Florence, Italy, Sorprano SGR S. p. A. operates in the asset management sector, providing tailored investment solutions.
The firm was acquired by IDeA, which obtained a 65 percent majority stake in July 2009, indicating a strategic pivot towards enhancing its operational capacity. The current CEO is Tommaso Federici, who has played a crucial role in guiding the company’s direction. Sorprano SGR S. p.
A. primarily operates in the asset management sector, offering a range of investment funds tailored to meet diverse client needs. Among its key product offerings are the Soprarno Pronti Termine Obbligazionario and Soprarno Reddito & Crescita funds. These funds are designed for both institutional and individual investors, focusing on capital preservation, income generation, and medium-to-long-term growth strategies.
The Soprarno Pronti Termine Obbligazionario fund specializes in fixed-income securities, targeting clients who seek stable returns with lower risk profiles. Conversely, the Soprarno Reddito & Crescita fund aims to provide a balance between growth and income, appealing to those looking for a more aggressive investment approach. Soprarno's products are primarily marketed within the European market, particularly in Italy, where they serve a wide array of clients, including individual investors, financial institutions, and corporate entities. In 2023, Sorprano SGR S.
p. A. reported a revenue of USD 8. 77 mn and an EBITDA of USD 1.
27 mn. The company generates revenue primarily through management fees associated with its investment funds, maintaining a transaction structure based on a fee model. This model may be complemented by performance fees, which are contingent upon meeting specific return benchmarks. The performance of flagship funds, such as Soprarno Pronti Termine Obbligazionario and Soprarno Reddito & Crescita, plays a significant role in revenue generation, underscoring the firm's versatile approach to asset management.
Sorprano SGR S. p. A. is focused on expanding its product offerings and market presence.
The firm plans to introduce new investment funds aimed at enhancing client engagement by mid-2024. In addition, Sorprano is seeking to expand its reach beyond Italy into other European markets, specifically targeting Spain and France by 2025. Recent funding from the acquisition by IDeA will be utilized to implement these growth initiatives, ensuring that the company can effectively compete in new regions and enhance its portfolio of financial products.
Current Investors
DeA Capital
Primary Industry
Financial Services
Sub Industries
Investment Banking
Website
www.soprarnosgr.it
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Sorprano - timeline of key events
Sorprano - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,924,063 | 3,793,239 | 3,222,657 | 7,511,691 | 7,335,809 | 9,721,334 | 7,686,758 | 7,665,852 | 6,539,590 | 8,366,280 | 8,311,882 | 10,281,265 | - | - | - |
| % Revenue Growth (YoY) | - | 29.7% | (15.0%) | 133.1% | (2.3%) | 32.5% | (20.9%) | (0.3%) | (14.7%) | 27.9% | (0.7%) | 23.7% | - | - | - |
| EBITDA (USD) | (108,629) | 618,907 | 131,625 | 2,108,152 | 1,778,855 | 2,177,994 | 1,177,577 | 1,221,476 | 362,840 | 1,073,764 | 1,842,678 | 2,654,767 | - | - | - |
| Operating Income (USD) | (192,488) | 594,578 | 87,191 | 1,716,707 | 1,376,697 | 1,782,412 | 813,890 | 891,694 | 64,180 | 766,689 | 1,426,194 | 2,431,352 | - | - | - |
| Operating Margin | (6.6%) | 15.7% | 2.7% | 22.9% | 18.8% | 18.3% | 10.6% | 11.6% | 1.0% | 9.2% | 17.2% | 23.6% | - | - | - |
| % EBITDA Margin | (3.7%) | 16.3% | 4.1% | 28.1% | 24.2% | 22.4% | 15.3% | 15.9% | 5.5% | 12.8% | 22.2% | 25.8% | - | - | - |
| NET Income (USD) | (199,078) | 545,152 | 34,028 | 1,018,531 | 1,802,482 | 1,162,179 | 490,483 | 609,944 | 14,846 | 503,564 | 974,773 | 1,690,705 | - | - | - |
| % Net Margin | (6.8%) | 14.4% | 1.1% | 13.6% | 24.6% | 12.0% | 6.4% | 8.0% | 0.2% | 6.0% | 11.7% | 16.4% | - | - | - |
Sorprano - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Sorprano | - |
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Sorprano - employee data
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