PE fund NB Renaissance Partners invested in Italian Comelz

Fineurop Soditic acted as financial adviser to NB Renaissance Partners, the Neuberger Berman’s arm dedicated to private equity investments in Italy, in the acquisition of a majority stake in Comelz

from the Zorzolo family that will retain a minority interest in the company.

Established in the renowned footwear district of Vigevano 75 years ago, Comelz is focused on the production of cutting machines for the footwear and leather goods industry. It has a wide international network of distributors and subsidiaries and operates two production plants with a workforce of approximately 160 people. Comelz generates most of its turnover abroad. It has increased its sales from around €23 million in 2012 to approximately €50 million at the end of 2017.

The new investor will support Comelz in a new phase of growth across international markets.

 

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