NB Aurora S A SICAF RAIF : Inside Information / Ad Hoc Information NB Aurora - Closing Club del Sole (EN)

Informazione

Data/Ora Inizio Diffusione

Regolamentata n.

2083-20-2024

15 Maggio 2024 16:04:42

Euronext MIV Milan

Societa'	:	NB AURORA SA SICAF-RAIF
Identificativo Informazione	:	190771
Regolamentata
Utenza - Referente	:	NBAURORAN03 - FRANCESCO MOGLIA
Tipologia	:	REGEM
Data/Ora Ricezione	:	15 Maggio 2024 16:04:42
Data/Ora Inizio Diffusione	:	15 Maggio 2024 16:04:42
Oggetto	:	NB Aurora - Closing Club del Sole - ENG
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NOT INTENDED TO BE DISCLOSED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES.

This press release is not intended for publication or distribution, directly or indirectly, in the United States of America. This announcement does not constitute an offer to sell securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States except in accordance with an applicable exemption from registration. This is not a public offering of securities in the United States. Investment or investment activity related to the Company is only available to parties belonging to the category of professional investors within the meaning of the MIFID (the "Exempt Persons") and will only be made with Exempt Persons. Investors should not subscribe to any securities mentioned in this document other than on the basis of the information contained in the prospectus. In any EU Member State, this notice is addressed only and exclusively to qualified investors in that Member State under the Prospectus Regulation. The term "Prospectus Regulation" refers to Regulation (EU) 2017/1129 and includes any relevant implementing measures in the relevant Member State. This announcement is related to the disclosure of information that could qualify as inside information within the meaning of Article 7(1) of Regulation (EU) No 596/2014 on market abuse.

PRESS RELEASE

NB AURORA: COMPLETION OF THE SALE OF THE WHOLE SHAREHOLDING

HELD IN CLUB DEL SOLE TO THE EQUITY CLUB AND SIMULTANEOUS REINVESTMENT TO SUPPORT THE GROUP'S FURTHER GROWTH PLAN

Luxembourg, 15 May 2024

NB Aurora S.A. SICAF-RAIF ("Aurora"), a permanent capital vehicle listed on the Italian Stock Exchange Euronext MIV professional segment, following the press release of 28 March 2024, announces the completion of the sale of its whole shareholding in Club del Sole ("Club del Sole", the "Company" or the "Group") to The Equity Club ("TEC"), a club deal initiative promoted by Mediobanca together with Roberto Ferraresi and Filippo Penatti, through the controlled vehicle First Club S.r.l., and simultaneous reinvestment to support the Group's further growth plan.

Aurora - along with some co-investors - invested in Club del Sole in December 2018, supporting the Group in becoming today the leading Italian player in the open-air hospitality, with 23 camping-villages (12 of which acquired since the investment) managed across 7 regions in North-Central Italy. Founded in 1974 by the Giondi Family, the Group has undergone significant growth over the years, achieving a 2023 turnover of approximately EUR 100 million (compared to about EUR 43 million at the time of investment) and an EBITDA margin greater than 30%.

The total value of the transaction for the sale of the whole stake is approximately EUR 109 million, of which approximately EUR 70 million related to the funds managed by Neuberger Berman AIFM S.á r.l. (approximately EUR 35 million related to Aurora).

At the same time, together with other funds managed by Neuberger Berman AIFM S.á r.l. and certain co-investors, Aurora reinvested in the Group EUR 61 million, of which approximately EUR 38 million related to Aurora, through the subscription, together with TEC, of a significant capital increase designed to support the Company's further growth. The Giondi Family, which founded Club del Sole in 1974, will continue to hold the majority of the share capital and lead the industrial project.

Aurora

Aurora is the first permanent capital vehicle to be listed in Italy on the Euronext MIV Milan - Professional Segment. It was created with the aim of making growth capital investments in unlisted Italian SMEs, channelling financial resources to support their growth and internationalisation. Aurora's investment target is SMEs of excellence, leaders in market niches with high added value and high growth potential, a turnover of between EUR 30 and 300 million and a strong propensity to export. The Aurora team works in partnership with entrepreneurs, supporting them in implementing their medium- to long-term growth plans. The investment strategy is focused on five verticals: made in Italy, healthcare, environmental & sustainability, tech growth & digital transformation, specialised industrial manufacturing & business services. Aurora is invested in 14 companies with an aggregate turnover of EUR 2.9 billion and over 19,000 employees.

For further information:

GMC - Giovanna Marchi Comunicazione	Giovanna Marchi
[e-mail]	[e-mail]
mob. [phone]	mob. [phone]
[e-mail]
www.nbaurora.com

This document is intended exclusively for professional clients.

Neuberger Berman AIFM SARL is authorised and regulated as an alternative investment fund manager by the Commission de Surveillance du Secteur Financier (CSSF) and is registered in the Grand Duchy of Luxembourg, at 9, rue du Laboratoire, L-1911 Luxembourg. NB Aurora S.A. SICAF-RAIF is a reserved alternative investment fund (RAIF) in the form of an investment company with fixed capital (société d'investissement à capital fixe SICAF) within the meaning of the Luxembourg law of 26 July 2016 on reserved alternative investment funds. The information in this document should not be regarded as financial advice or an investment recommendation and is only a brief summary of some key aspects of the fund.

An investment in the fund involves risks, possibly above-average, and is only suitable for persons who are able to take such risks. For further information, please read the fund's prospectus and main documents.

In relation to each EEA Member State (each a "Member State"), this document may only be distributed and shares may only be offered or placed in a Member State to the extent that: (1) the fund is authorised to be marketed to professional investors in a Member State in accordance with the AIFMD (as implemented by the local law/regulation of the relevant Member State); or (2) it may otherwise be lawfully distributed and the shares may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor). In relation to each EEA Member State which, as of the date of this document, has not implemented the AIFMD, this document may only be distributed and shares may only be legitimately offered or placed to the extent that this document may be legitimately distributed and shares may be legitimately offered or placed in such Member State (including at the investor's initiative).

Germany: Fund shares may not be distributed or marketed in any way to German retail or semi-professional investors unless the fund is approved for distribution to these categories of investors by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).

United Kingdom: This document is addressed only to persons who are professional clients or eligible counterparties within the meaning of the FCA Handbook. The opportunity to invest in the Fund is only available to such persons in the United Kingdom and this document should not be used or considered by any other person in the United Kingdom.

Switzerland: The distribution of this fund in Switzerland will be exclusively to qualified investors ("Qualified Investors"), as defined in the Collective Investment Schemes Act of 23 June 2006, as amended ("CISA") and its implementing regulation, the Collective Investment Schemes Ordinance of 22 November 2006, as amended ("CISO"). Accordingly, the fund has not been and will not be registered with the Swiss Financial Market Supervisory Authority ("FINMA"). This document and/or any other offering material relating to the fund may only be made available in Switzerland to qualified investors. The fund has its legal address in Luxembourg. The Swiss representative is FIRST INDEPENDENT FUND SERVICES LTD, Klausstrasse 33, CH - 8008 Zurich and the Swiss payment agent is Helvetische Bank AG, Seefeldstrasse 215, CH-8008 Zurich. The main documents of the fund can be obtained free of charge at the registered office of the Swiss representative. With respect to fund shares distributed to qualified investors in Switzerland, the place of execution and place of jurisdiction is at the registered office of the Swiss representative. This document is presented for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. We do not guarantee that this information, including any third-party information, is accurate or complete and should not be relied upon as such. No advice or recommendation is given as to which investment or strategy is suitable for a specific investor. Each recipient of this document should make the necessary investigations to arrive at an independent assessment of any investment and should consult his or her own legal and financial, actuary, accountant, regulatory and tax advisor to evaluate that investment. It should not be assumed that any investments in securities, companies, industries or markets identified and described have been or will be profitable. Any opinions expressed may not reflect those of the company as a whole. All information is current as of the date of this material and is subject to change without notice. The fund described in this document may only be offered for sale or sold in jurisdictions where or to persons to whom such offer or sale is permitted. The fund may only be promoted if such promotion is carried out in accordance with the applicable jurisdictional rules and regulations. This document and the information it contains shall not be distributed in the United States. Past performance

is not a reliable indicator of current or future results. The value of investments may decrease instead of increasing and investors may not recover the full amount invested. Performance figures do not take into account fees and costs incurred in the issuance and redemption of units. The value of investments denominated in another currency may increase and decrease due to fluctuations in the exchange rates of the relevant currencies. Unfavourable movements in exchange rates can lead to a decrease in yield and a loss of capital. No part of this document may be reproduced in any way without the prior written consent of Neuberger Berman AIFM SARL. The name and logo "Neuberger Berman" are registered service marks of Neuberger Berman Group LLC.

© 2024 Neuberger Berman Group LLC. All rights reserved.

Fine Comunicato n.2083-20-2024

Numero di Pagine: 5