NB Reinassance and Apax Partners to acquire 37.1% in Italy’s Engineering. Tender offer is coming

Private equity funds managed by NB Renaissance (a partnership between Neuberger Berman and Intesa Sanpaolo, see here a previous post by BeBeez) and Apax Partners (Apax VIII fund) have entered into an investment agreement for the purchase of a participation equal to approximately 37.1% in Engineering Ingegneria Informatica spa, an informatic engineering company listed on the Italian Stock Exchange, for a price of 66 euro per share (download here the press release). The agreement was announced yesterday and has been signed with chairman and founder Michele Cinaglia (holding a 23.176% stake in the company), Marilena Menicucci (11.97%), the ceo Paolo Pandozy  (0.4%) and an executive member of the Board of Directors, Armando Iorio (0.