The Equity Club S.r.l. alongside NB Aurora S.A. SICAF-RAIF (BIT:AUR) and unknown funds managed by Neuberger Berman AIFM Limited, Asset Management Arm and certain other co-investors has entered into a binding agreement to acquire unknown minority stake in Club del Sole S.r.l. from NB Aurora S.A. SICAF-RAIF (BIT:AUR) for ?110 million on March 29, 2024. The transaction involves NB Aurora reinvesting in Club del Sole alongside other funds managed by the controlling entity Neuberger Berman and certain other co-investors. NB Aurora and TEC Holiday will also subscribe to a share capital increase to support the company?s further growth for a maximum amount of ?65 million. There Giondi family, founder in 1974, maintains the majority and will lead the industrial project. Closing of the transaction is expected for early May 2024. Rothschild & Co acted as financial advsior and Credem Euromobiliare Private Banking acted as legal advisors in transaction for TEC., Alessandro Marena and Andrea Faoro, Massimo Trimboli Raguseo of PedersoliGattai acted as legal advisor to the Giondi family and Club del Sole

The Equity Club S.r.l. alongside NB Aurora S.A. SICAF-RAIF (BIT:AUR) and unknown funds managed by Neuberger Berman AIFM Limited, Asset Management Arm and certain other co-investors completed the acquisition of unknown minority stake in Club del Sole S.r.l. from NB Aurora S.A. SICAF-RAIF (BIT:AUR) in May, 2024. In May 2024, TEC Holiday S.p.A. acquired a minority stake of c. 30% in the group. The deal also saw the -reinvestment of NB Aurora with a 19% stake, including through the subscription, together with TEC, of a capital increase designed to support future growth. The Giondi family retains the majority of voting rights and continues to lead the expansion project.