The sectors where we operate
Every sector has its own rules, its own multiples, its own risks. We know them.
Financial Services
Banking, insurance, asset management, fintech
Multiples: 8-15x EBITDA. Strict regulation. Consolidation underway. Frequent cross-border deals.
Consumer Goods
Food, beverage, personal care, household
Italian brands coveted globally. PE very active. Margins 8-15%. Complex supply chain.
Aerospace & Defense
Components, systems, MRO, space economy
Strategic sector. Golden Power active. Premium multiples 12-20x. Institutional and government clients.
Industrial Machinery
Automation, packaging machines, CNC, robotics
Heart of industrial Made in Italy. EBITDA 10-18%. Export 60%+. German and Asian buyers active.
Chemicals
Specialty chemicals, pharmaceuticals, cosmetics
High barriers to entry. Patents and know-how. Critical ESG compliance. Multiples 7-12x.
Technology
Software, SaaS, cybersecurity, AI, digital services
20-40% YoY growth for the best. ARR-based valuation. Multiples 10-30x revenue. VC and PE very active.
Infrastructure & Construction
Major works, specialized construction, plant engineering
NRRP €200+ billion. Multi-year backlog. Consolidation needed. Margins 5-10%.
Metallurgical Industry
Steel, aluminum, foundries, specialized processing
High cyclicality. Energy-intensive. Carbon price impact. Forced consolidation from ESG and costs.
Oil & Gas
Upstream, midstream, downstream, services
Energy transition underway. Stranded asset risk. But still enormous cashflows. Frequent corporate restructurings.
Packaging
Paper converting, plastics, glass, luxury packaging
Italy European leader. Margins 8-14%. PE consolidators very active. ESG driver (plastic-free).
Transportation
Logistics, shipping, intermodal, last-mile
Container cost volatility. Digitalization. Rapid consolidation. Multiples 5-8x.
Utilities & Renewables
Energy, water, waste, solar, wind
Renewables boom. Long-term PPAs. Multiples 8-14x for regulated assets. Critical permitting pipeline.
Agribusiness
Wine, olive oil, livestock, agritech
Unique Italian heritage. Critical generational transition. Land as real asset. Growing exports.
Healthcare & Pharma
Clinics, devices, biotech, distribution
Countercyclical resilience. Margins 15-25%. Clinic consolidation underway. PE very active.
Real Estate & Hospitality
Real estate, development, asset management, hotel, resort
Core real assets for HNW. Yield 4–8%. Value tied to location and management. Strong institutional interest.
Media & Entertainment
Content, production, rights, streaming, digital media
Growing content demand. Scalable models. Variable margins 10–30%. Strong competition and hit-driven.
Sports
Clubs, events, media rights, infrastructure, performance
Iconic and relational assets. Revenue from rights and sponsorship. Unstable margins. Growing fund interest.
Luxury & Fashion
Fashion, design, accessories, jewelry, high-end
Global brand heritage. Margins 20–35%. High pricing power. Strong strategic and PE appeal.
Who we work with
Entrepreneurs
Those who built
The entrepreneur who devoted decades to building their company. Wealth grew with them -- business, real estate, investments, family. But the infrastructure to manage it all has not kept pace. Too many advisors, no unified oversight. 67% of their wealth remains locked in business equity.
M&A advisory · Exit planning · Wealth structuring · Governance · Generational transition · Club Deal · Post-exit wealth management
Families
Those who protect and transmit
Families with multi-generational wealth: businesses, properties, holdings, income streams. Often spanning multiple branches, multiple interests, multiple visions. Family governance is absent or informal. Major decisions are still made at the dinner table. 70% do not survive the second generation.
Family governance · Family constitution · Mediation · Next Gen <> Gen Exit · Personal family office · Asset protection
Investment Funds
Those who invest to grow
Private equity, venture capital and private debt funds seeking qualified deal flow, off-market access and co-investment alongside aligned entrepreneurs. Italy has 207,000 mid-market SMEs -- fertile ground for those who know where to look and whom to engage. Minerva serves as the bridge.
Deal origination · Buy-side advisory · Due diligence coordination · Club deal structuring · Co-investment · Exit strategy · Portfolio monitoring
Asset Managers (SGR)
Those who manage for others
Asset management companies seeking alternative investment opportunities for their funds. Real estate, private equity, infrastructure. Minerva provides access to off-market deals, structuring of dedicated vehicles and qualified co-investment.
Deal sourcing · SPV structuring · Alternative operations advisory · Due diligence · Club deal participation · Qualified co-investment
Holdings
Those who coordinate and optimize
Family and industrial holdings managing portfolios of participations. Often grown without a unified strategy -- opportunistic acquisitions, deferred disposals, unstructured governance. The holding's value frequently falls short of the sum of its parts.
Portfolio strategy · Structure optimization · Disposals and acquisitions · Governance · Asset valuation · Corporate restructuring
Corporations
Those who operate and compete
Structured companies (SpA and Srl) navigating transformational events: M&A, capital raising, restructuring, financial partner entry. Management needs an advisor who understands both the industrial logic and the financial and wealth dimensions. One point of contact.
M&A sell-side and buy-side · Capital raising · Restructuring · Business plan · Fairness opinion · Post-deal integration · Negotiation support
Institutional Investors
Those seeking quality and governance
Banking foundations, pension funds, insurance companies, structured family offices. They seek co-investment in Italian mid-market deals with clear governance, defined tickets and a partner with skin in the game. Direct access to deal flow with professional structuring.
Qualified deal flow · Club deal with IC validation · SPV governance · Institutional reporting · Aligned co-investment · Italian alternatives advisory