Opera invests alongside Independent Sponsors in the lower mid-market, guided by clear theses and a disciplined, consistent process. Every investment sharpens our judgment and that learning compounds across the firm.

Europe’s highly fragmented and deeply local lower mid-market rewards sponsors with an edge. Independent Sponsors are built to find businesses often overlooked by institutional capital. Their specialist expertise, local relationships and aligned investment model create the conditions for concrete value creation.

We invest only when the business, the sponsor, the price and the balance of risk and return all make sense together. We favour cases with more than one path to value and enough resilience to withstand failed assumptions, imperfect execution or an unfavourable market.

If you’re building a firm of your own, you’ll find a like-minded partner in Opera. We made the same leap in 2020, and today we focus exclusively on partnering with Independent Sponsors. This letter sets out where we come from, what we do and how we could build something together.

James Roebuck

James Roebuck

Managing Partner
Michelle Mannio

Michelle Mannio

Partner
Stefan Matei

Stefan Matei

Partner
Nick Comhair

Nick Comhair

Associate Director
Mariarosaria Aruta

Mariarosaria Aruta

Associate Director
Alberto Sannino

Alberto Sannino

Investment Manager
Jan Chavez

Jan Chavez

Investment Manager
Gonca Stevens

Gonca Stevens

Origination Director
Joanna Ernst

Joanna Ernst

Head of Capital Formation
Steve Halliday

Steve Halliday

CFO
John Morrison

John Morrison

Chairman
Dante Leone

Dante Leone

Special Advisor
Pascal Noth

Pascal Noth

Special Advisor

Building lasting partnerships around focused investment opportunities.