Club Deal

QCapital looks to invest in Italian companies that have an excellent positioning in their reference market, good growth opportunities and operate in sectors with high profitability and positive long-term trends

Italian SMEs
We selects Italian SMEs of excellence in order to organize private equity investments
Flexibility
There is ample flexibility in structuring capital transactions
Market needs
The partners of QCapital responds to the recapitalization needs of companies

A highly skilled team prepared for every challenge

The partners of QCapital invest directly in the companies and actively manage all the deals, from the initial stages to the exit. The QCapital team has a successful multi-year track record in private equity as investors, strategic advisors and M&A advisors

Our team

Investments

OTK Kart Group

The club deal organized by QCapital acquired a 70% stake in OTK Kart Group. QCapital will support Robazzi family who, in addition to holding the remaining 30%, will remain at the helm of the company, thus continuing to play a strategic role within the Group.
On September 2023, OTK supported by QCapital, acquired Vega, worldwide group leader in the development and manufacturing of high-performance tires for go-kart. It is a “transformational” acquisition for OTK that completes this way the vertical integration of its product portfolio.

Share Acquired
Venpa

The club deal organized by QCapital acquired a minority stake through a capital injection and, at the same time the deal was closed, the QCapital team negotiated a new credit line dedicated to the refinancing of existing credit lines and the realization of future investments

Share Acquired
Ciam

QCapital organized a club deal, together with various professional investors and family offices, that acquired a 35% stake in Ciam Group. QCapital will support the Tosti family that, while keeping a majority stake in Ciam, will remain at the helm of the Group, thus continuing to play a strategic role through its growth.

Share Acquired

Gianmarco Bellesia ha ottenuto una Laurea Magistrale con Lode in Amministrazione, Finanza e Controllo all'Università Bocconi. Prima di entrare a far parte del Team di QCapital ha lavorato tre anni in Azimut Group come M&A Advisor assistendo diverse PMI italiane nell'ambito di operazioni di finanza straordinaria.

Gianmarco Bellesia graduated with honors from the master in Accounting, Financial Management and Control at Bocconi University. Before joining the QCapital team, he worked at Azimut Group for three years as an M&A Advisor assisting various Italian SMEs in the context of corporate finance transactions.

Pietro Pedersoli holds a degree in Economics and Politics from King's College London. After having worked for a leading Italian SGR, in July 2021 he joined QCapital.

Tommaso Fantini graduated with honours in Finance from the Catholic University of the Sacred Heart. He began his career in 2023 as an Investment Analyst at First Capital, a listed investment firm specialising in minority investments in listed and private Italian SMEs, where he was responsible for fundamental analysis, selecting investment opportunities and actively monitoring investee companies. In 2025, he joined QCapital, where he supports the team in evaluating new investment transactions and managing portfolio companies.

Giovanni Pedersoli is a corporate lawyer specialized in mergers and acquisitions. He obtained a Law degree at Università degli Studi di Milano and an LLM from New York University, School of Law. Giovanni is admitted to practice both in Italy and in New York, where he worked for several years at Skadden, Arps, Slate, Meagher & Flom LLP. After 12 years as a Partner at Linklaters, he is currently Partner at PedersoliGattai.

Renato Peroni graduated in Economic and Social Disciplines from Bocconi and, among other experiences, he worked in strategic consulting with Bain & Co. He has over 25 years of experience in private equity as a partner of Investitori Associati, where he participated to 4 fundraising cycles for a total of 1.2 billion euros and more than 30 completed transactions. He is currently a director of several industrial companies, with some of which he actively collaborates in the management of acquisitions and other extraordinary finance operations.

Massimo Busetti holds a degree in Business Administration from Ca’ Foscari, and a Masters in Business Administration from Insead. He worked at Procter & Gamble in Rome and at Chase Manhattan Bank in both Milan and London, before joining the Boston Consulting Group in 1987, where he remained for 30 years. At BCG he has been involved in strategy, marketing, organization and M&A in various sectors, focusing on Financial Services, for which he has been responsible for more than 10 years. He has also held various positions both in Italy and internationally. From 2000 to 2003 he was co-founder and co-CEO of 21 Network, a Corporate Venturing initiative developed with Alessandro Benetton and 21 Investimenti. In recent years he has been a director of some companies and advisor to entrepreneurs close to him.

Francesco Niutta holds a degree in Finance. He began his career at Royal Bank of Scotland as an analyst between Milan and London. He subsequently joined Dada, a listed company part of the RCS MediaGroup, where he worked in M&A and then returned to London at Torch Partners, a corporate finance company specializing in TMT and digital. In 2014 he joined Fineurop Soditic, a leading corporate finance advisory boutique, where he became a partner in 2019. Between 2012 and 2014 he contributed to the startup of P101, a leading Italian venture capital fund, and Viralize, a digital company later sold to a German group. In his career as principal and advisor he has successfully concluded more than 40 M&A transactions.

Stefano Miccinelli is an electronic engineer, and holds a Masters in Business Administration from Insead. He spent several years as a consultant with McKinsey & Co. and as a partner at Bain & Co. Stefano is a pioneer in the private equity sector having worked and invested successfully for almost 30 years. Starting from 1994 he was co-founder and then CEO of Investitori Associati, the most successful private equity fund on the Italian market for over 15 years, with 1.2 billion euros of capital raised over 4 funds and more than 30 acquisitions concluded. He was also one of the founders of Idea Alternative Investments. Stefano currently works and invests with various private equity operators. During his career he has invested in more than 50 unlisted companies and has been a director of several large and medium-sized Italian companies.