Octagon BidCo has completed a mandatory public tender offer for Bialetti Industrie

Octagon BidCo S.p.A. has successfully finalized a mandatory public tender offer for Bialetti Industrie S.p.A.

Octagon BidCo S.p.A., a vehicle owned by NUO Capital, was created for the purpose of acquiring Bialetti Industrie S.p.A. through a tender offer and subsequently delisting the company.

Bialetti Industrie S.p.A. specializes in the production and marketing of houseware and kitchen products. The company operates through two business units: Bialetti and Cookware. The Bialetti unit focuses on the development, marketing and distribution of the Bialetti product line which includes moka pots, coffee makers, espresso machines, cookware and other kitchen accessories. The Cookware unit manages the Aeternum, Rondine and Cem brands which also offer a range of kitchenware, including moka pots.

Given its status as a publicly listed company, Bialetti Industrie S.p.A. had a widely dispersed shareholder base.

Oaklins Italy’s parent company, Banca Akros, served as the financial advisor and appointed broker for the collection of shares in Octagon BidCo’s mandatory public tender offer for the remaining 21.3% of Bialetti’s share capital.