
The founder of the Milanese tech company comments on debt strategies and corporate restructuring during the presentation of the Parete prize.
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Bending Spoons is a technology company that has made several acquisitions. The Parete award is dedicated to the financier Ermando Parete, a survivor of the Dachau concentration camp.
"The ambitions are actually much bigger, and from the beginning we set ourselves this goal, almost a dream: to try to build one of the best companies ever, one of the most successful companies of our generation. And in my opinion we are still far away". Thus Luca Ferrari, founder and CEO of Bending Spoons, awarded with the Parete prize dedicated to the financier Ermando Parete, who survived Dachau.
When asked about the high yields of the bonds placed by the technology company listed on the Nasdaq, he replied that "we would prefer to pay less" but "since we have historically generated returns far greater than the cost of this debt, it seems rational to us to raise this capital and make it work". Regarding the staff cuts in the companies acquired by Bending Spoons, Ferari explained that "the objective is to maximize the long-term success" of the companies.
"These are painful interventions, obviously first and foremost for those who are sent away, it goes without saying, and also for those of us who implement those restructurings, we are not pleased at all."

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