COMPLETED THE CO-INVESTMENT IN ENGINEERING INGEGNERIA INFORMATICA, LEADING SPECIALIST PROVIDER OF IT SERVICES, SOFTWARE DEVELOPMENT AND DIGITAL PLATFORMS
Luxembourg, 23 July 2020
Following the press release issued on 2 July 2020, NB Aurora S.A. SICAF-RAIF (“NB Aurora”), listed in Italy on the MIV – Professional Segment (“MIV”) promoted and managed by Borsa Italiana S.p.A., with the aim of investing in minority shareholdings in top-performing unlisted Italian SMEs, announces today, thanks to the fulfilment of the conditions precedent, the completion of the co-investment agreement with NB Renaissance Partners for the acquisition by NB Aurora of an indirect stake of approximately 2.8% in Engineering Ingegneria Informatica S.p.A. (“Engineering”), leading specialist provider of IT services, software development and digital platforms, supporting clients in digital transformation projects. NB Aurora invested about €20 million, using only its own resources.
The completion of the agreement is part of the closing of the transaction, announced today to the market with a press release, through which NB Renaissance Partners Holdings and funds managed by Bain Capital jointly acquired the entire share capital of Engineering.
NB Aurora, the first permanent capital vehicle listed in Italy on the MIV professional segment of the Italian Stock Exchange, has been created with the purpose to invest in unlisted SMEs, conveying financial resources to support their growth and international expansion, thus helping to support the real economy. NB Aurora is promoted by Neuberger Berman, private, independent, employee-owned investment manager, with $357 billion AUM (as of 30 June 2020). The investment target includes those top-class SMEs with a leading position in specialized niches and a strong export attitude with a turnover between €30 and €300 million. NB Aurora team will operate with an active minority approach, to partner with entrepreneurs with a medium-long term horizon.