NB Renaissance Partners III

NB Renaissance Partners III is the third and largest buyout fund managed by NB Renaissance Partners, the Italian private equity platform jointly established in 2015 by Neuberger Berman and Intesa Sanpaolo following the strategic decision to spin out the bank's private equity operations into an independent, institutional-grade GP. The fund raised approximately €950 million and is structured as a compartment of NB Renaissance Partners S.à r.l. SICAV-RAIF, a Luxembourg reserved alternative investment fund, reflecting standard European institutional fund architecture for private market vehicles targeting sophisticated investors.

NB Renaissance Partners III pursues a buyout and buy-and-build investment strategy targeting Italian and pan-European mid-market companies with revenues between €100 million and €500 million and EBITDA of at least €17–20 million. The fund deploys average equity tickets of €80–100 million per transaction, acquiring majority control positions with the intention of growing portfolio companies through a combination of organic expansion, operational improvement, and selective add-on acquisitions. A defining element of the strategy is identifying fragmented market niches — across manufacturing, industrial services, IT, and consumer goods — where NB Renaissance can serve as a consolidation platform, building sector champions from mid-market leaders. Up to 20% of the fund's capital may be deployed outside of Italy, providing flexibility to pursue adjacent European opportunities. The fund is managed by a team of approximately fifteen investment professionals based in Milan, led by managing partners Fabio Canè and Stefano Bontempelli.

NB Renaissance Partners III's investor base includes European and US-based institutional investors comprising pension funds, insurance companies, asset managers, and family offices. Notable portfolio investments include Engineering Ingegneria Informatica (Italy's leading IT services provider, acquired in partnership with Bain Capital Private Equity), Rino Mastrotto Group (a €300 million turnover premium leather goods manufacturer), and Hydro Holding (hydraulic components manufacturing). The NB Renaissance platform manages total commitments of approximately €1.8 billion across three vehicles — NBRP Fund I, NBRP Fund III, and the NBRP Annex Fund — establishing it as one of the most significant private equity investors dedicated to the Italian mid-market.