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Apheon
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Address
1, Piazza San Sepolcro, Milan, Italy
Private EquityConsumer & Retail
Evolved from Ergon Capital with roots in Groupe Bruxelles Lambert, this pan-European firm targets niche market leaders, recently closing its sixth flagship fund at a €1.25 billion hard cap to back family-led businesses.
€2.6B
AUM
6
Funds
30
Executives
2
Green Funds
Investment Profile
Investment Range
€30M - €100M
Focus
Buy Out
Geographies
Europe
Assets (12)
3
Hospitality & Tourism
2
Consumer Goods
2
Food & Beverage
1
Fashion & Luxury
1
Healthcare
1
Niche Industrials
| Asset | Status ↑ | Sector | HQ | Source | Entry Date |
|---|---|---|---|---|---|
▶BHB Italy | Current | Consumer Goods | Coccaglio | Website | 2026-02-12 |
▶Golmar | Current | Consumer Goods | Milan | Website | 2024-01-01 |
A holistic and collective approach | Current | - | - | Website | - |
Sustainability generates long-term and higher value | Current | - | - | Website | - |
▶Millbio (Millbo + BioNaturals) | Exited | Food & Beverage | Trecate (NO) | Website | 2024-01-01 |
▶Salpa | Exited | Food & Beverage | Perugia | Website | 2023-01-01 |
▶Dolciaria Acquaviva | Exited | Hospitality & Tourism | Naples | Website | - |
| Exited | Fashion & Luxury | Venice | Website | - | |
▶La Gardenia | Exited | Hospitality & Tourism | Grosseto | Website | - |
▶Nicotra Gebhardt | Exited | Niche Industrials | Zingonia | Website | - |
▶Visionnaire | Exited | Hospitality & Tourism | Bologna | Website | - |
▶ZellBios | Exited | Healthcare | Italy | Website | - |
Showing 1–12 of 12 assets
Signals (2)
Investment
2026-02-05 (observed)Salpa acquires BHB Italy, expanding manufacturing capabilities and product offering
Source: Apheon
PortfolioInvestment
2026-01-28Apheon (formerly Ergon Capital Partners) has acquired a majority stake in BHB Italy through salpa special food (salpa & cherubini S.r.l.)
Source: BeBeez
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