The permanent capital vehicle N.B. Aurora, next to delisting from Piazza Affari, is ready to strike a double blow 80-100 million euros for acquire two Italian companies. In the crosshairs, according to what has been discovered Milano Finanza, a restaurant chain with a strong international vocation and an SME specialized in accessories for the luxury sector.
With 140 million euros in cash – also fueled by the recent sale of shares in Veneta Cucine and Bluvet – the fund led by Patrizia Micucci confirms its focus on Made in Italy excellence.
Two operations, one direction: growth
According to market sources reported by MF, NB Aurora has started exclusive negotiations with Fortunata's Tavern, a historic Roman restaurant brand founded in 1921, and with a pmi that produces Accessories for big names in fashion.
Osteria da Fortunata is an example of success that marries tradition and innovation. With about ten locations in Milan, Rome and even Miami, the chain closed 2024 with revenues of around 45 million euros and an EBITDA of 9 million, equal to a margin of 20%. With 100% Italian ingredients and authentic recipes, the brand now aims to expand in cities with a high tourist vocation such as Florence and Venice, as well as in new foreign markets.
The other company in negotiations is a flagship of Made in Italy: an excellent SME that makes accessories for the big luxury fashion houses. Organic growth and strategic acquisitions are the basis of its development, making it a perfect prey for NB Aurora.
NB Aurora towards delisting from Piazza Affari
NB Aurora was born from the acquisition of the portfolio of the Italian Investment Fund and today boasts and to investors including Sergio Gianfranco Dompé (8,22%), Eurizon City’s (7,38%), Understanding St. Paul (5,99%) and Mediolanum (4,82%). With a net asset value of 334,1 million as of September 30, the fund can already count on stakes in companies such as Rino Mastrotto, Phse Engineering e Sun Club. Nb Aurora has already scheduled its goodbye to the Miv segment of Business Square, expected in AprilThe decision follows the buyout announced last May, with the transfer of control from Neuberger Berman to the management, now majority, while the American asset manager holds a minority stake.
