NB Renaissance, Italian PE arm of Neuberger Berman acquired Italian HVAC spare parts distributor Arbo

Fineurop Soditic acted as exclusive financial advisor to NB Renaissance, the private equity arm of Neuberger Berman in Italy, on their acquisition of Arbo from the existing shareholders Narval Investimenti (Ersel), Bravo Capital Partners and SIP S.r.l.

boilers spare parts distribution

Based in Fano, Arbo is an Italian leading distributor of spare parts for boilers, components for hydrothermal systems and A/C systems, with operations in Spain and UK.

Arbo posted 2021 sales of approximately Euro 80 million and employs approximately 270 people. It has a distribution network made up of 44 proprietary stores, e-commerce and call centers, with a multi-channel approach that guarantees customers full flexibility in terms of products order and delivery.

NB Renaissance will support Arbo in the development of logistic and technological know-how. It aims to consolidate Arbo's leadership in the Italian market and accelerate its international growth.

The deal was financed by Credit Agricole Italia, Deutsche Bank, BPER Banca Corporate & Investment Banking, Banca Intesa and BancoBPM. The transaction was also supported by Eurazeo as a mezzanine PIK bond provider.