NB Renaissance, a buyout fund, agreed to acquire a 92.8% stake in Arbo, a provider of boiler spare parts, from Bravo Capital, a private equity, and Narval Investimenti. Financial terms were not disclosed. “Arbo is the typical company we like to invest in: an Italian excellence, a market leader with a sustainable competitive advantage in a strategic niche sector. In recent years, Arbo has built a solid platform from which to build the European champion of the sector. We are ready to invest to strengthen the company's leadership in Italy and accelerate its international growth, taking advantage of the opportunities for consolidation in Italy and replicating the successful business model developed in Italy abroad," Stefano Bontempelli, NB Renaissance Senior Partner.