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INDUSTRIAL | Basic Materials
siragroup.it

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Stage

Growth Equity | Alive

Total Raised

$16.17M

Last Raised

$16.17M | 10 yrs ago

About Sira Group

Manufacturer of heating radiators. The company produces heating radiators using technologies such as BIMETAL in steel and die-cast aluminum. It uses techniques that aims to offer maximum performance with minimum energy consumption. Its complete cycle die-casting and moulds for die-casting in aluminum is designed for the automotive and mechanical industries. [Keywords: cleantech, energy efficiency, energy efficiency products]

Sira Group Headquarter Location

Via Bellini 11 Rastignano

Bologna, 40067,

Italy

39 05 16268411

Latest Sira Group News

NB Aurora S A SICAF RAIF : PR NB Aurora_SIRA exit

Jul 20, 2021

07/20/2021 | 02:48am EDT Message : *Required fields NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. The investment or investment activity related to the Company is available only to persons falling within the category of professional investors under the MIFID (the "Exempted Persons") and will be engaged in only with the Exempted Persons. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 and includes any relevant implementing measure in the relevant Member State. PRESS RELEASE NB AURORA SELLS MINORITY SHAREHOLDING IN SIRA INDUSTRIE, EMILIAN INDUSTRIAL GROUP AND LEADER IN THE AUTOMOTIVE SECTOR IN ITALY The Gruppioni family holding company, whose majority shareholder is Valerio Gruppioni, Chairman and CEO of the company, buys back the stake sold in 2012 NB Aurora confirms its partnership approach with entrepreneurs in the medium to long term with the aim of creating value for the company Luxembourg, July 19 2021 NB Aurora S.A. SICAF-RAIF("NB Aurora"), listed in Italy on the MIV market - Professional Segment with the objective of investing in unlisted small and medium-sized companies, announces - with reference to the 44.55% stake held in Fondo Italiano di Investimento ("FII") - the closing of the sale of FII's entire shareholding (approximately 40,3%) held in Sira Industrie (NB Aurora's share is approximately 18%). Sira is a company founded 60 years ago in the province of Bologna which has become an international group operating in the most important markets in the two sectors of the production of aluminium radiators for heating and aluminium die castings for the mechanical and automotive industries. The stake in Sira Industrie Spa, sold in 2012, has been acquired by the family holding company Sira Group Spa in which Valerio Gruppioni, Chairman and CEO of the company, is the majority shareholder. The countervalue of the transaction is Euro 15 million, of which NB Aurora's share is approximately Euro 6.75 million. Sira Industrie is a Group founded in Italy more than 60 years ago, operating at international level with production plants, commercial units and associated companies in several countries, and is constantly expanding. The group is focused on two main sectors: it supplies full-cycledie-casting and moulds for aluminium die-casting, destined for the mechanical and automotive industries, and produces radiators for heating made with different technologies. Since the investment in 2012, the company has grown exponentially also thanks to two important acquisitions, the Modena-based Fir (formerly Faral) in 2014, a historic brand producing aluminium radiators, and the former Almec (now Sirpress) in 2012, focused on automotive and motorbike components. The aforementioned acquisitions together with a massive investment campaign to revamp the factories themselves have enabled the company to become, with over Euro 120 million in turnover expected by 2021, one of the preferred Tier 1 suppliers in the world of components for the mechanical and automotive industry. Lorenzo Baraldi, Managing Director of NB Aurora, commented: "We strongly believed in this project of aggregation and consolidation in a sector of excellence in Italian manufacturing, highlighting the enormous potential for development. It has been an incredible experience to accompany it in a project of growth and development at international level. After these years of working together, we have agreed with the entrepreneur on an exit that gives him a company with immense added value. In fact, with NB Aurora we want to create value for shareholders and investors as well as for entrepreneurs through a patient, long-terminvestment in partnership with the top management, providing management, governance, skills and capital for growth". Valerio Gruppioni, President and CEO of Sira Industrie, added: "We have worked for 10 years with a competent and present partner who has allowed us to grow and create value. Continuous dialogue and stimulus have enabled us to face challenges with greater serenity and to structure ourselves in a way that is adequate to compete at an international level". Please note that NB Aurora and FII are both managed by the same management company, Neuberger Berman AIFM S.à.r.l.. NB Aurora NB Aurora, the first permanent capital vehicle listed in Italy on the MIV professional segment of the Italian Stock Exchange, has been created with the purpose to invest in unlisted SMEs, conveying financial resources to support their growth and international expansion, thus helping to support the real economy. NB Aurora is promoted by Neuberger Berman, a private, independent, employee-owned investment manager, with $402 billion AUM (as of 31 March 2021). The investment target includes top-class SMEs with a leading position in specialized niches and a strong export attitude with a turnover between €30 and €300 million. NB Aurora team operates with an active minority approach, partnering with entrepreneurs with a medium-long term horizon. After the first deal that led NB Aurora to acquire 44.55% of the shares of Fondo Italiano di Investimento (17 initial shareholdings of which it currently still holds the investments in Ligabue, DBA Group, Sira Industrie, Amut Group and Zeis Excelsa), the fund invested in 7 companies: Club del Sole (leader in the camping-village sector in Italy), Dierre Group (leader in Italy in the production of tech components for industrial automation), PHSE (Italian leader in the temperature-controlled transport of drugs and biological samples), BluVet (network of veterinary clinics), Rino Mastrotto Group (world leader in the production and marketing of leathers for fashion, automotive and furniture industries), Engineering (leader in Italy in the digital transformation of companies, public and private organizations), Veneta Cucine (Europe's leading manufacturer of fitted kitchens) and and Comet Srl (leader in Italy in the development and production of tailor-made organic and silicone rubber compounds), whose closing is expected soon. SIRA INDUSTRIE Sira Industrie is a Group founded in Italy over 60 years ago, with production plants, commercial units and associated companies in several countries, and is constantly expanding in the most important markets in the world. The Group operates through the Die Casting Division, which supplies full-cycle die castings and aluminium die casting moulds for the mechanical and automotive industries, and the Heating Division, which produces heating radiators using different technologies: BIMETAL in steel/aluminium; in die-cast aluminium; in extruded aluminium; electric radiators and steel thermo-furnishers. For further information: This document is addressed to professional clients only. 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 reserved alternative investment fund (RAIF) in the form of an investment company with fixed capital (société d'investissement à capital fixe capital SICAF) as per the Luxembourg law of 26 July 2016 on reserved alternative investment funds. The information in this document does not constitute investment advice or an investment recommendation and is only a brief summary of certain key aspects of the fund. An investment in the fund involves risks, with the potential for above average risk, and is only suitable for people who are in a position to take such risks. For more information please read the prospectus and principal fund documents. In relation to each member state of the EEA (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 permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document 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 Member State of the EEA which, at the date of this document, has not implemented AIFMD, this document may only be distributed and shares may only be offered or placed to the extent that this document may be lawfully distributed and the shares may lawfully be offered or placed in that Member State (including at the initiative of the investor). Germany: Shares of the fund may in particular not be distributed or marketed in any way to German retail or semi-professional investors if the fund is not admitted for distribution to these investor categories by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). United Kingdom: This document is directed only at persons who are professional clients or eligible counterparties for the purposes of the FCA's Conduct of Business Sourcebook. The opportunity to invest in the Fund is only available to such persons in the United Kingdom and this document must not be relied or acted upon by any other persons in the United Kingdom. Switzerland: The distribution of this fund in Switzerland will be exclusively made to, and directed at, qualified investors ("Qualified Investors"), as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended ("CISA") and its implementing ordinance, 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 materials relating to the fund may be made available in Switzerland solely to Qualified Investors. The fund is domiciled in Luxembourg. The Swiss representative is FIRST INDEPENDENT FUND SERVICES LTD, Klausstrasse 33, CH - 8008 Zurich and the Swiss paying agent is Neue Helvetische Bank AG, Seefeldstrasse 215, CH-8008 Zurich. The principal fund documents may be obtained free of charge at the registered office of the Swiss representative. In respect to the shares in the fund distributed to Qualified Investors in Switzerland, the place of performance and the place of jurisdiction is at the Swiss representative's registered office. This document is presented solely for information purposes and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. We do not represent that this information, including any third party information, is accurate or complete and it should not be relied upon as such. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of any investment, and should consult its own legal counsel and financial, actuarial, accounting, regulatory and tax advisers to evaluate any such investment. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. Any views or opinions expressed may not reflect those of the firm 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 in which or to persons to which such an offer or sale is permitted. The fund can only be promoted if such promotion is made in compliance with the applicable jurisdictional rules and regulations. This document and the information contained therein may not be distributed in the US. Past performance is not a reliable indicator of current or future results. The value of investments may go down as well as up and investors may not get back any of the amount invested. The performance data does not take account of the commissions and costs incurred on the issue and redemption of units. The value of investments designated in another currency may rise and fall due to exchange rate fluctuations in respect of the relevant currencies. Adverse movements in currency exchange rates can result in a decrease in return and a loss of capital. No part of this document may be reproduced in any manner without prior written permission of Neuberger Berman Europe Limited. The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC. © 2020 Neuberger Berman Group LLC. All rights reserved. Attachments

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