NB Renaissance Acquires U-Power
September 28, 2023
NB Renaissance has completed the acquisition of 100% of U-Power, the pan-European leader in safety footwear; the founder Frank Uzzeni reinvested a 30% stake and will remain President and CEO. The deal is supported by co-investors including the NB Private Equity platform and Style Capital and aims to accelerate U-Power's international expansion, broaden its product range (workwear and PPE) and drive manufacturing efficiencies and sustainability initiatives.
- Buyers
- NB Renaissance, NB Private Equity platform, Style Capital, Frank Uzzeni
- Targets
- U-Power
- Industry
- Manufacturing
- Location
- Piedmont, Italy
- Transaction Type
- Buyout
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