In Italy, private equity firms own roughly 1,100 companies, with overall favorable industrial performance, averaging 16% annual EBITDA growth over the last five years and an average EBITDA of €25 million. This is one of the key findings from Bain & Company's 17th Global Private Equity Report 2026, which was presented in Milan. The majority of the companies are in the industrial area (with EBITDA primarily below €5 million, but 23% with margins between €10 million and €30 million) and the consumer products segment, where the proportion of companies with margins between €5-10 million and €10-30 million is growing. Then there are enterprises in the TMT (Technology, Media, and Telecommunications) sector, with 16% having EBITDA between €10 and €30 million, 9% between €30 and €50 million, and another 9% having EBITDA greater than €50 million. Retail, fashion, and luxury companies generate 12% of their EBITDA above €50 million. Overall, private equity in Italy has experienced tremendous growth, with a 25% increase in the number of deals over the previous year. In terms of sectors, some trends that have been evident in recent years persist: the Tech (Software and IT Services) and Healthcare sectors continue to grow strongly, while Energy and Natural Resources, Business and Financial Services, and Infrastructure are also experiencing significant growth (the share of these three sectors in total has roughly tripled compared to 2022 and 2023 levels). The industrial sector, however, continues to be the most significant, while the consumer sectors (Food & Beverage, Retail, and Fashion & Luxury) experienced declines in 2025.