NB Renaissance completed the acquisition of a 70% stake in U-Power.

NB Renaissance, a private equity firm, completed the acquisition of a 70% stake in U-Power, a footwear company. Financial terms were not disclosed. “By partnering with an exceptional entrepreneur and a very talented management team, our goal is now to expand the business into new geographies and product categories and create a worldwide leader in safety protection equipment,” Stefano Bontempelli, NB Renaissance Co-Founder and Senior Partner.