NB Aurora has acquired a 30% stake in Veneta Cucine
NB Aurora S.A. SICAF-RAIF has acquired a stake in Veneta Cucine S.p.A. The transaction is subject to the fulfilment of the relevant conditions, including the granting of antitrust clearance, and is expected to close by the end of the second quarter of 2021.
NB Aurora S.A. SICAF-RAIF is the Luxembourg-based private equity arm of Neuberger Berman Group LLC, engaged in minority equity investments in a portfolio of small- and medium-sized unlisted Italian companies operating in their niche markets. It typically targets companies with a turnover between US$35–350 million. The firm invests in all growing industries and sectors. NB Aurora was created by Neuberger Berman in September 2017 and is listed on Market for Investment Vehicles (MIV), a Milan stock market segment.
Veneta Cucine is an Italy-based company engaged in the design, production and manufacture of kitchen, living room and furnishing accessories. The company was founded in 1967 in Treviso and changed to its present name in 1978. It has one production facility and two wood finishing plants, totaling 100,000 m2. Its products are sold by an extensive distribution network – more than 1,000 highly qualified dealers in Europa, Asia, Africa, North and South America.
Oaklins’ team in Italy acted as financial advisor to the buyer in this transaction.
Talk to the deal team
Giuseppe Maria Bernardo Puccio
Ricotto has been acquired by Sitra Group
Ricotto S.r.l. has joint Sitra Group, a Belgium-based and PE-backed international logistic and transportation group.Learn more
M80 Partners has acquired Luminis
Belgian private equity fund M80 has acquired a majority stake in Luminis. M80 offers to software and technology company Luminis the opportunity to further expand its strategy and market position internationally. Luminis becomes part of a platform that also includes XPLUS, a Belgian expert in enterprise IT architecture. M80 plans to make further selective acquisitions in Europe in the coming months with the aim of bringing together a portfolio of best-in-class digital transformation specialists.Learn more
Spice Private Equity Ltd. has had a fairness opinion conducted on a public tender offer by GP Investments
On 14 July 2022, GP Swiss Ltd., a subsidiary of GP Investments, published a public tender offer for all publicly held registered shares of Spice Private Equity Ltd. (Spice). The independent members of the Board of Directors of Spice have had a fairness opinion conducted on the financial adequacy of this public tender offer. The offer price for each Spice share was US$16.25 net in cash. Following a successful offer, GP Investment intends to delist the stock from the SIX Swiss Stock Exchange.Learn more