ICG opens Milan office

The expansion is expected to generate more investment opportunities in Italy.

Intermediate Capital Group has opened an office in Milan as it looks to capture more opportunities in Italy.

The office will be led by ICG’s head of Italy, Luigi Bartone who joined the firm in 2004 from AT Kearney and has supported regular investment in Italy since.

He will be joined by Giulio Piccinini, a managing director previously based in London who joined ICG in 2017 from Vision Capital. He has previously held roles in investment banking at Bank of America Merrill Lynch and as a management consultant at Bain & Co.

Commenting on the new office, Bartone said: “Italy is a significant market for ICG and the opening of a permanent office strengthens our presence and commitment to the country. There is plenty of activity in Italy and with an office in Milan we will capture even more opportunities across asset classes; we will be closer to our portfolio companies, and to entrepreneurs and management teams willing to partner with ICG to accelerate their companies’ growth.”