After years of iconic coffee and moka, Bialetti industry officially passes into foreign hands: Octagon BidCo, a vehicle of the Nuo Group, has acquired 78,567% of the capital and 78,650% of the voting rights, equivalent to 121,6 million shares. Octagon will launch amandatory takeover bid al price of 0,467 euros per share, with the aim of proceeding to the delisted da Business SquareThe company announced this, explaining that today the Board of Directors, which took office on May 28, 2025, was informed of the completion of the change of control.
Meanwhile, the Council has been renewed and a has been completed refinancing which significantly reduced theGroup indebtedness.
Meanwhile the title rises 0,44% to 0,46 euros per share, close to the offer price.
Bialetti: the next steps: takeover bid and delisting
Octagon BidCo to launch a takeover bid to buy the remaining shares and remove Bialetti from the Milan Stock Exchange, offering € 0,467 per share.
The operation is part of a larger project for refinance the debt of Bialetti, signed with the banks in 2021, to help the growth and development of the company.
To finance this operation, several measures were taken agreements:
- A junior loan of up to 30 million euros from illimity Bank e AMCO, which was used to cover part of Bialetti's existing debt, freeing the company from these debts.
- A senior loan of up to 50 million euros with a group of banks led by Bpm bank, of which approximately 40 million will be used to refinance the debt.
- Capital contributions by the parent company HoldCo for almost 50 million euros, which significantly reduced the group's overall debt.
Thanks to these agreements, the total debt by Bialetti is down from approximately 98,6 million euros to 44,1 million.
With the completion of this transaction, the debt restructuring agreement signed in 2021 has been closed and considered fully resolved.
The new Bialetti Board of Directors
The purchase, completed through agreements signed in April 2025, has also brought about a clear change in the company's top management: out with the old directors and welcome with the new ones. new board of directors now see in the front row: Joseph Morici as president; Egidio Cozzi as CEO; Paola Petrone, Simonetta Ciocchi, Francesca DiPasquantonio as independent directors; Thomas Paul e Rocco Sabelli as non-executive directors. Also the Board of Statutory Auditors it is renewed: Charles Delladio (president), Diego DeFrancesco e Barbara MantovaniAt the moment, the new directors and mayors do not own Bialetti shares.
Comments
Paoli, CEO of Nuo, commented: “an operation that sets new growth objectives for a historic brand that will maintain its strong Italian cultural identity. Since 2016, Nuo has been a partner of independent Made in Italy companies that can now count on organizational and management models that are more open to international markets. Between 2016 and 2025, Nuo, through its holding companies, has invested approximately half a billion euros in Italian companies that have maintained their independence and identity, such as, in addition to Bialetti Industrie, Slowear, Bending Spoons, Venchi, Ludovico Martelli (Marvis and Proraso), Montura, Andriani (Felicia), Osit Impresa (Subdued), Calzaturificio Scarpa (Scarpa) and Sacs Tecnorib.”
The Egidio Cozzi, confirmed as CEO of Bialetti, underlined: “An important step to grow while respecting our identity and looking to the future.”
