Nb Aurora, an investment company listed on the Italian Stock Exchange, has completed the sale of its entire Participation in Dierre group, through the controlled vehicle D Club Srl, equal to 48,4%, at Alto Capital Fund V managed by Alto Partners Sgr. The closing of the operation occurred after the signing of the binding agreement announced on the previous 21 December. The total value of the operation is approximately 108,5 million euros, with a share of approximately 22,2 million euros attributable to Nb Aurora. Dierre Group is an Italian leader in the production of high-tech and aesthetic protections and components for industrial automation, with a turnover in 2022 of approximately 63 million euros.
Nb Aurora returns as a minority shareholder
In confirmation of its commitment to Dierre group, Nb Aurora has reinvested approximately 7,4 million euros of the proceeds of the sale, maintaining a minority shareholding position. Also the Founder and President of Dierre group, Giuseppe Rubbiani, sold his stake, reinvesting in the company with a minority stake together with other managers.
The Nb fund had entered into the capital of Dierre in July 2019 with the aim of supporting the entrepreneur and top management in the growth path, including expansion through acquisitions to consolidate the company's position among the sector leaders at European level .
Dierre group
Founded in 1997 in Fiorano Modenese by Giuseppe Rubbiani, Dierre group grew from a small company specializing in the production of protection systems for industry until becoming a leader in its sector thanks to constant innovation and the integration of complementary companies. The company is committed to industrial safety, taking a responsible approach to ESG issues and promoting sustainability and the responsible and safe management of its business operations.
What is Nb Aurora
Nb Aurora is the first permanent capital vehicle listed in Italy on the Euronext segment Miv Milan – professional segment, created with lawobjective of investing in unlisted SMEs in order to support their growth and internationalization, contributing to the country's real economy.
Promoted by Neuberger Berman, an independent private investment company with assets under management of $463 billion as of December 31, 2023, Nb Aurora aims to invest in SMEs leader of market niches with high growth potential, with a turnover of between 30 and 300 million euros and a strong propensity towards exports.
After acquiring 44,55% of the shares of Fondo Italiano d'Investimento, Nb Aurora has invested in 12 other companies, including Club del Sole, Dierre group, Phse, BluVet, Rino Mastrotto group, Engineering, Veneta Cucine, Comet, Farmo, Exacer, PromoPharma and Finlogic. These companies operate in different sectors, from the production of tech components for industrial automation to the marketing of innovative pharmaceutical and food products, demonstrating the diversification of Nb Aurora's portfolio and its commitment to the expansion and success of Italian SMEs.
