Sigefi to launch Italian expansion fund

The French private equity house has appointed Stefano Zavattaro to head the firm’s first Italian office ahead of a fundraising effort planned for 2003.

Sigefi Private Equity, the French private equity house which manages the Siparex stable of funds, has hired Stefano Zavattaro to launch the firm’s move into Italy.


Zavaratto joins the firm from GE Capital where he has been working on the firm’s private equity portfolio. Most recently he was private equity investment manager at GE Capital’s Milan office.


The launch of the Milan office will coincide with the raising of a fund focusing on expansion capital opportunities in Italy. Further details of the fund are yet to be disclosed, although Sigefi has said it will be raised in association with Italian financial group Finnat, in keeping with the firm’s three recent FCPI (Fond Commun de Placement dans l'’Innovation) funds with Crédit Agricole Asset Management, Banque SanPaolo, and Financière Meeschaert.


Sigefi, which recently announced the E146m final close of its French mid-market fund SPF III, has also made a series of appointments in France. Paul-Louis Santy, one of the founders of Sudinnova, in Lyon, has joined Sigefi Private Equity as general manager of the subsidiary Sigefi Ventures Gestion, alongside managing director Paul Tholly. The appointment is linked to Sigefi’s recent acquisition of a majority stake in Sud-Partners, the Lyon-based company that manages technology and life science funds Sudinnova and I and II.


The firm has also made two internal promotions. Edouard Moinet and Jean-Christophe Toux, who joined the firm in 1994 and 2000 respectively, are both made senior investment managers. Moinet will be based in Lille, while Toux will work out of the firm’s Nantes office.