Born in Bari, Procacci debuted as a producer in the late 1980s, when he co-founded with Renzo Rossellini and others the production company Vertigo.
[1] In 1990 he founded the company Fandango, which debuted with a box office hit, Sergio Rubini's La stazione.
[1] He soon specialized in producing small-budget art films directed by young directors.
[1] In 1992, he started a long collaboration with Rolf de Heer, producing and even distributing his films in Italy, and in 2002 he co-founded with de Heer, Richard Lowenstein, Sue Murray and Bryce Menzies the production company Fandango Australia.
[1] Procacci won four David di Donatello Awards for best producer, and four Silver Ribbons in the same category.