공시 • Jun 21
N.U.O. Capital S.A. completed the acquisition of 19.57% stake in Bialetti Industrie S.p.A (BIT:BIA) from Sculptor Capital Management, Inc. N.U.O. Capital S.A. reached an agreement to acquire 19.57% stake in Bialetti Industrie S.p.A (BIT:BIA) from Sculptor Capital Management, Inc. for €5.7 million on April 16, 2025. A cash consideration of €5.7 million will be paid by N.U.O. Capital S.A. In related transaction N.U.O. Capital S.A. agreed to acquire 59.002% stake in Bialetti Industrie S.p.A from Bialetti Investimenti SPA. The plan provides for a multi-faceted refinancing of €30 million in junior financing from Illimity Bank Spa and AMCO Spa, €45 million in senior financing from a pool led by Banco BPM Spa, with BPER Banca Spa and Banca Ifis Spa, and equity contributions of at least €49.5 million from NUO Octagon. In addition, NUO obtained commitment letters totaling €71 million. Closing is expected to occur by June, subject to specific conditions, including financing and regulatory approvals.
Luigi Vaccaro, Mario Pelli Cattaneo, Riccardo Tedeschini , Elena Secondari, Adalberto Bruno Rurale, Giulia Battaglia, Matteo Botti, Lisa Marangon, Manfredi Vianini Tolomei, Emiliano De Luise, Gaia Maivè Beffi, Valentina Soldovilla, Fiona Gaia Gittardi, Giulio Napolitano and Luca Masotto of Chiomenti acted as legal advisor, Gitti And Partners Studio Legale Associato as tax advisor, Ernst & Young Italia as financial, legal and labor due diligence provider and Vitale&Co as debt advisor to N.U.O. Capital aspects and Vitale&Co as debt advisor. Ugo Orsini and Ettore Consalvi of Linklaters LLP (USA) acted as legal advisor
N.U.O. Capital S.A. completed the acquisition of 19.57% stake in Bialetti Industrie S.p.A (BIT:BIA) from Sculptor Capital Management, Inc. on June 20, 2025.
Sculptor and Moka Bean were assisted by Linklaters as legal advisor. Lazard S.r.l. acted as financial advisor to Bialetti Industrie S.p.A. Cosimo Paszkowski, Giovanni Nicchiniello and Francesco Cesaroni of Orsingher Ortu Avvocati Associati and Linda Morellini and Paolo Barbanti Silva of Giovanardi Studio Legale acted as legal advisor to Bialetti Industrie S.p.A. 공시 • Apr 18
N.U.O. Capital will launch mandatory takeover to acquire remaining 21.43% stake in Bialetti Industrie S.p.A (BIT:BIA) for €15.5 million. N.U.O. Capital will launch mandatory takeover to acquire remaining 21.43% stake in Bialetti Industrie S.p.A (BIT:BIA) for €15.5 million on April 16, 2025. A cash consideration will be paid by N.U.O. Capital. As part of consideration, €0.467 per share is paid towards common equity of Bialetti Industrie S.p.A. In related transaction, N.U.O. Capital S.A. signed two contracts to acquire a 59.002% from Bialetti Investimenti and Bialetti Holding for €47.3 million and a 19.57% stake in Bialetti Industrie S.p.A (BIT:BIA) from Sculptor Capital Management, Inc. for €5.7 million.
The plan provides for a multi-faceted refinancing of €30 million in junior financing from Illimity Bank Spa and AMCO Spa, €45 million in senior financing from a pool led by Banco BPM Spa, with BPER Banca Spa and Banca Ifis Spa, and equity contributions of at least €49.5 million from NUO Octagon. In addition, NUO obtained commitment letters totaling €71 million.
The transaction is subject to de-listing of company stock. NUO aims to delist Bialetti from Euronext Milan and relaunch its development on international markets, focusing on innovation and identity of Made inItaly.
Bonelli Erede Pappalardo Studio Legale acted as legal advisor for Bialetti Industrie S.p.A. Chiomenti Studio Legale acted as legal advisor for N.U.O. Capital. Gitti And Partners Studio Legale Associato acted as accountant for N.U.O. Capital. Ernst & Young Italia acted as due diligence provider for N.U.O. Capital. Lazard S.r.l. acted as financial advisor for Bialetti Industrie S.p.A. As part of the financing, Illimity and AMCO were assisted, respectively, by Orsingher Ortu Avvocati Associati and Giovanardi Studio Legale. 공시 • Apr 17
N.U.O. Capital signed an agreement to acquire 59% stake in Bialetti Industrie S.p.A (BIT:BIA) from Bialetti Investimenti SPA and Bialetti Holding srl for €47.3 million. N.U.O. Capital signed an agreement to acquire 59% stake in Bialetti Industrie S.p.A (BIT:BIA) from Bialetti Investimenti SPA and Bialetti Holding srl for €47.3 million on April 16, 2025. In a separate transaction, N.U.O. Capital signed an agreement to acquire 19.57% stake in Bialetti Industrie S.p.A (BIT:BIA) from Sculptor Capital Management, Inc. for €5.7 million and N.U.O. Capital will launch mandatory takeover to acquire remaining 21.43% stake in Bialetti Industrie S.p.A (BIT:BIA) for €15.5 million. Upon completion, NUO aims to delist Bialetti from Euronext Milan and relaunch its development on international markets, focusing on innovation and identity of Made in Italy. Egidio Cozzi, current CEO of Bialetti, will also remain in office in the new post-closing phase. The transaction will be financed through a vendor loan of €18 million. The plan provides for a multi-faceted refinancing: €30 million in junior financing from Illimity Bank Spa and AMCO Spa, €45 million in senior financing from a pool led by Banco BPM Spa, with BPER Banca Spa and Banca Ifis Spa, and equity contributions of at least €49.5 million from NUO Octagon. In addition, NUO obtained commitment letters totaling €71 million.
The transactions are subject to to the occurrence of specific conditions, including financing and regulatory authorizations and is expected to close in June 2025.
Chiomenti Studio Legale acted as legal advisor to N.U.O. Capital. Gitti And Partners Studio Legale Associato acted as accountant to N.U.O. Capital. Ernst & Young Italia acted as financial, legal and labor law due diligence advisor to N.U.O. Capital. Vitale&Co acted as debt advisor to N.U.O. Capital. Zulli Tabanelli & Associati acted as financial advisor to Bialetti Investimenti SPA and Bialetti Holding srl. Lazard S.r.l. acted as financial advisor to Bialetti Industrie S.p.A. Bonelli Erede Pappalardo Studio Legale acted as legal advisor to Bialetti Industrie S.p.A. Orsingher Ortu Avvocati Associati acted as legal advisor to Illimity Bank Spa and Giovanardi Studio Legale acted as legal advisor to AMCO Spa. Reported Earnings • Apr 16
Full year 2024 earnings released Full year 2024 results: Revenue: €152.8m (up 8.0% from FY 2023). Net loss: €970.0k (loss narrowed 82% from FY 2023). New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-€24m). Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€38.0m market cap, or US$39.6m). 
