- Franco Uzzeni will reinvest for a significant stake, equal to 30 percent, together with a group of investors led by NB Renaissance
- NB Renaissance is a Milan-based investment firm with a focus on international companies based in Italy
- The firm currently manages over €2.5bn in assets
NB Renaissance has signed an agreement to acquire 100 percent of U-Power, a pan-European company that develops and produces work safety footwear, alongside Franco Uzzeni, chairman of U-Power.
