U-Power Group has been sold to NB Renaissance
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.
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
STM Environmental has been acquired by Phenna Group
STM Environmental has been acquired by Phenna Group, gaining access to a broader network of expertise, enhanced resources and global reach. With extensive experience in life safety, environmental compliance and quality testing, along with a wide client base, Phenna Group is the ideal partner to accelerate STM Environmental’s expansion.
Learn moreOBI Group has acquired the OBI and individual DIG stores from Migros
As part of a strategic review, Migros has decided to divest its DIY business, which included several “Do It + Garden” and “OBI” locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.
Learn moreAcapo AS has been acquired by Longship AS
Oslo-based intellectual property advisory firm Onsagers, supported by Longship since May 2024, has acquired Acapo AS. By combining decades of expertise and global reach, this strategic acquisition unites two of Norway’s most reputable IP firms, enabling them to offer a comprehensive range of solutions in patents, trademarks and IP strategy. This milestone strengthens their position in building a best-in-class network for strategic IP management, marking a key step in their continued growth.
Learn more