U-Power Group has been sold to NB Renaissance
May 2023 — NB Renaissance Partners Holdings Sarl has acquired a majority stake in U-Power Group S.p.A.
NB Renaissance is an investment firm with a focus on international companies based in Italy. The firm trades in resilient sectors with high growth potential. Its strategy is diversified into four main investment sectors: digital, sustainability, healthcare and specialized industrials, with high added-value intermediate products.
U-Power is the pan-European leader in work safety footwear, with a growing workwear division. The gorup serves a wide customer base of over 8,000 dealers, mainly small- and medium-sized specialized retailers across Italy (50% of sales), France (31%), Spain (7%), Germany (5%), and the UK (2%), thanks to a capillary network of agents spread across the territory.
Pier Franco Uzzeni will continue to lead U-Power as chairman and CEO. NB Renaissance will partner on the next phase of U-Power’s growth with Pier Franco Uzzenin and the top management team.
Our role in the transaction
Oaklins’ team in Italy acted as the buy-side advisor to NB Renaissance in the acquisition of a majority stake in U-Power Group.
Talk to the deal team
Related deals
Nymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
Learn moreLife & Mobility has attracted investor Bolster Investment Partners
Life & Mobility, a leading developer and manufacturer of premium mobility and rehabilitation solutions, has welcomed Bolster Investment Partners as a new shareholder. The partnership provides Life & Mobility with a strong long-term partner to support the company’s next phase of growth, with a continued focus on product innovation, strengthening its leading market position and further international expansion. The company’s mission remains to enhance the mobility, independence and quality of life of end users through innovative, sustainable and circular mobility solutions designed for multiple life cycles.
Learn moreNiceboy has been acquired by Anacot Capital
Niceboy has been acquired by Anacot Capital, marking the next stage in the company’s development.
Learn more