Bialetti Acquired by Nuo Capital’s Octagon BidCo
Deal News | Jun 06, 2025 | Finance Community IT - 3 Private Equity
Nuo Capital, through its vehicle Octagon BidCo, has successfully acquired 78.65% of Bialetti Industrie, a household products company with a strong presence in the coffee preparation market. This acquisition involved purchasing shares from Bialetti Investimenti, Bialetti Holding, and Sculptor Ristretto Investment, as communicated on April 16. Following the acquisition, Octagon BidCo is set to launch a mandatory public tender offer on the remaining Bialetti shares. The acquisition is part of a larger operation to refinance Bialetti's debt, reducing it from 98.6 million to 44.1 million euros, aided by a junior loan of up to 30 million euros from Illimity Bank and Amco, as well as a senior loan of up to 50 million euros led by Banco Bpm with other banks, and equity contributions from the holding company. In line with its strategy, Nuo Capital aims to uphold the cultural identity of Bialetti while fostering growth and maintaining independence. Nuo Capital has invested significantly in Italian companies, pursuing open organizational models and international market strategies.
Sectors
- Private Equity
- Consumer Goods
- Financial Services
Geography
- Italy – Bialetti Industrie is an Italian company, and the acquisition is part of Nuo Capital’s investments in Italian companies.
- China – Nuo Capital is a Chinese private equity firm.
Industry
- Private Equity – The article discusses the acquisition of Bialetti Industrie by a vehicle of the private equity firm Nuo Capital.
- Consumer Goods – Bialetti Industrie operates in the consumer goods sector, specifically in the production and sale of coffee preparation products.
- Financial Services – Involves refinancing and debt restructuring activities, including loans from banks like Illimity Bank and Banco Bpm.
Financials
- 0.467 euros per share – Price offered by Octagon BidCo for the remaining Bialetti shares in the public tender offer.
- 30 million euros – Junior loan amount provided by Illimity Bank and Amco.
- 50 million euros – Maximum senior loan amount led by Banco Bpm and other banks.
- 44.1 million euros – Reduced debt amount of Bialetti Industrie post-refinancing.
- 98.6 million euros – Initial debt amount of Bialetti Industrie before refinancing.
- 49.5 million euros – Equity contribution by the holding company for debt refinancing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nuo Capital | Private Equity Firm | Company | A Chinese private equity firm that has a strategic interest in investing in Italian companies. |
| Bialetti Industrie | Target Company | Company | An Italian company engaged in the production and sale of household and coffee preparation products. |
| Octagon BidCo | Acquiring Vehicle | Company | A vehicle of Nuo Capital used for acquiring Bialetti Industrie. |
| Bialetti Investimenti | Seller | Company | One of the sellers of Bialetti Industrie shares. |
| Bialetti Holding | Seller | Company | One of the sellers of Bialetti Industrie shares. |
| Sculptor Ristretto Investment | Seller | Company | One of the sellers of Bialetti Industrie shares. |
| Illimity Bank | Lender | Company | Provided a junior loan to aid in Bialetti's debt refinancing. |
| Banco Bpm | Lead Arranger and Lender | Company | Lead arranger for the senior loan to refinance Bialetti's debt. |
| Amco | Lender | Company | Provided a junior loan to aid in Bialetti's debt refinancing. |