Added to YB: 2026-10-08
Pitch date: 2026-10-04
BSP [bullish]
Bending Spoons S.p.A.
+66.49%
current return
Author Info
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Company Info
Bending Spoons S.p.A., through its subsidiaries, acquires and transforms digital businesses in the United States, the United Kingdom, Germany, Poland, Canada, Japan, Australia, France, Brazil, Italy, and internationally.
Market Cap
$19.3B
Pitch Price
$32.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
24.37
P/E
153.41
EV/Sales
11.47
Sector
Software
Category
growth
Bending Spoons - Serial acquirer from Italy
BSP (monitor): Bending Spoons is a buy-and-hold software acquirer purchasing assets at reset valuations: the Airtable deal carried a $1.285B enterprise value, or 2.7x its roughly $480M ARR, despite growth above 20%. Q2 revenue was $704M and adjusted operating income $381M, but organic growth was only 3%, net debt was $4.09B pre-IPO and leverage was 2.4x. The thesis hinges on AI-enabled acquisition capacity and execution; retention, pricing resistance and leverage remain uncertainties.
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