Primo Capital SGR S.p.A. (“Primo Capital”)announces the completion of its second exit transaction of the year through thesale of its stake in Factanza Media (“Factanza”) to ZNEXT. Thetransaction, with a total value of €5.1 million, saw the existing investors,Primo Capital and Prana Ventures, exit in favour of the industrial platformcreated by Zanichelli Holding.
Milan, 1 April 2026 – This exit, the fifth in the last 12 months,confirms the asset management company’s ability to identify and supporttechnology firms throughout their growth journey,whilst generating value for its investors.
The agreement also marks a key milestone in thedevelopment of Factanza, a leading Italian company specialising in theproduction of editorial and informational content for the younger generation.Joining ZNEXT will enable the company to achieve industrial scale and acquiretechnological expertise, whilst maintaining its editorial independence andbrand identity. The founders, Bianca Arrighini (CEO) and Livia Viganò(COO), will continue to lead the company’s day-to-day operations. ZNEXT willsupport the management team to accelerate the company’s evolution from adigital media outlet to a business structured around multiple service lines.
Founded in 2020, Factanza has established itself asone of Italy’s leading sources of digital news, building a community of over1.5 million people. The company stands out for its ability to explain complextopics — from economics to sustainability — in accessible language tailored tothe digital generation.
AntonioConcolino, CEO of PrimoCapital, comments: "This transaction follows the recent sale of Lambda,another Primo Capital’s portfolio company, and confirms the value-generatingpotential of our portfolio. This transaction demonstrates the soundness of ourinvestment thesis in the digital sector: we have supported a company capable ofcreating a highly valuable intangible asset, based on trust, journalisticrigour and technology. The role played by Arrighini and Viganò, twoentrepreneurs who have successfully transformed the telling of the world’sstory into a sustainable business, has been fundamental. Seeing Factanza joinan industrial platform such as ZNEXT confirms how collaboration betweeninvestors, founders and strategic partners can generate returns and have asystemic impact in the long term.”
