Key Takeaways
- • Berkshire Hathaway agreed to invest a further 330 million US dollars in Nasdaq-listed Bending Spoons through a private placement of 10 million newly issued ordinary shares at 33 US dollars each, with closing expected by 4Q26.
- • The placement is priced about 13% below Bending Spoons' 38 US dollar close on 13 October, yet the shares rose 41.2% to close at 53.46 US dollars, with market capitalisation approaching 34 billion US dollars.
- • Berkshire's total stake is now about 4% of the company, following its 600 million US dollar investment in the July 2026 IPO.
- • Proceeds will fund organic growth and M&A, coming alongside the pending Miro acquisition (enterprise value 1.355 billion US dollars) and a 1.49 billion euro package of new facilities and extensions agreed since 2Q26.
- • Bending Spoons reported 793 million US dollars in cash and a 2.4x leverage ratio in 2H26, against gross financial debt of 4.88 billion US dollars.
Summary
Nasdaq-listed Bending Spoons attracted a further 330 million US dollars from Berkshire Hathaway, the holding company founded by Warren Buffett and now led by CEO Greg Abel, according to the company's press release and a Form 6-K filed with the SEC. The deal is structured as a private placement of 10 million newly issued ordinary shares at 33 US dollars each, with closing expected by the fourth quarter of 2026. The company said the funds will finance organic growth and acquisitions. Berkshire previously invested 600 million US dollars in Bending Spoons' July 2026 IPO, which was priced at 29 US dollars per share on an 18.5 billion US dollar equity value and a 21.2 billion US dollar enterprise value. Following the new investment, Berkshire holds approximately 4% of the business.
The issue price sits roughly 13% below the 38 US dollar closing price on 13 October. The market nonetheless responded strongly: shares rose more than 40% in early trading, lifting market capitalisation toward 34 billion US dollars, and closed at 53.46 US dollars, up 41.2%. Press coverage described the move as among the sharpest reactions to a disclosed strategic investment in recent sessions.
The placement comes during a busy acquisition period. In September 2026, Bending Spoons agreed to acquire Miro, a visual collaboration and AI platform with more than 100 million users, for an enterprise value of 1.355 billion US dollars and an equity value of 1.79 billion US dollars. Some Miro shareholders reinvested 295 million US dollars of their sale proceeds in Bending Spoons shares. On 4 September, the company acquired Airtable, a no-code software platform with annual recurring revenue of 480 million US dollars, for an enterprise value of 1.285 billion US dollars and an equity value of 2.25 billion US dollars. Co-founder and head of M&A Francesco Patarnello said the pipeline "remains strong" and that the Berkshire investment would strengthen the company's financial flexibility.
Financing activity has been substantial. In July 2026, Bending Spoons secured a 500 million euro loan maturing in March 2031 from HSBC Continental Europe, Intesa Sanpaolo and BPER Banca, with a SACE guarantee, along with a 495 million US dollar Term Loan A and a 490 million increase in revolving credit commitments. In September 2026 it placed two tranches of senior secured Term Loan B maturing in 2031, totalling 1.25 billion US dollars and 395 million euros, exceeding initial targets by 750 million US dollars and 250 million euros respectively. Proceeds are earmarked for the Miro acquisition, repayment of the drawn euro revolver, and general funding. Per the company's reported figures, 2H26 cash stood at 793 million US dollars, with 1.28 billion US dollars of RCF borrowing capacity and gross financial debt of 4.88 billion US dollars.
Co-founder and CEO Luca Ferrari said Berkshire is "one of the world's finest and most respected investors" and described the new investment as demonstrating "mutual respect and enthusiasm for what lies ahead." Bending Spoons, based in Milan, has previously acquired Vimeo, AOL, Eventbrite, Evernote, WeTransfer, komoot and others.
The issue price sits roughly 13% below the 38 US dollar closing price on 13 October. The market nonetheless responded strongly: shares rose more than 40% in early trading, lifting market capitalisation toward 34 billion US dollars, and closed at 53.46 US dollars, up 41.2%. Press coverage described the move as among the sharpest reactions to a disclosed strategic investment in recent sessions.
The placement comes during a busy acquisition period. In September 2026, Bending Spoons agreed to acquire Miro, a visual collaboration and AI platform with more than 100 million users, for an enterprise value of 1.355 billion US dollars and an equity value of 1.79 billion US dollars. Some Miro shareholders reinvested 295 million US dollars of their sale proceeds in Bending Spoons shares. On 4 September, the company acquired Airtable, a no-code software platform with annual recurring revenue of 480 million US dollars, for an enterprise value of 1.285 billion US dollars and an equity value of 2.25 billion US dollars. Co-founder and head of M&A Francesco Patarnello said the pipeline "remains strong" and that the Berkshire investment would strengthen the company's financial flexibility.
Financing activity has been substantial. In July 2026, Bending Spoons secured a 500 million euro loan maturing in March 2031 from HSBC Continental Europe, Intesa Sanpaolo and BPER Banca, with a SACE guarantee, along with a 495 million US dollar Term Loan A and a 490 million increase in revolving credit commitments. In September 2026 it placed two tranches of senior secured Term Loan B maturing in 2031, totalling 1.25 billion US dollars and 395 million euros, exceeding initial targets by 750 million US dollars and 250 million euros respectively. Proceeds are earmarked for the Miro acquisition, repayment of the drawn euro revolver, and general funding. Per the company's reported figures, 2H26 cash stood at 793 million US dollars, with 1.28 billion US dollars of RCF borrowing capacity and gross financial debt of 4.88 billion US dollars.
Co-founder and CEO Luca Ferrari said Berkshire is "one of the world's finest and most respected investors" and described the new investment as demonstrating "mutual respect and enthusiasm for what lies ahead." Bending Spoons, based in Milan, has previously acquired Vimeo, AOL, Eventbrite, Evernote, WeTransfer, komoot and others.
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