50+ acquisitions. $1.3B in revenue. 0 companies sold. Bending Spoons CEO Luca Ferrari reveals the 3 main ways they differ from private equity: 1. They have never sold a material business. “We intend to own & operate these businesses forever. PE, generally these are funds. They raise money from 3rd parties, from limited partners & then they hold the companies for on average 5 years, & then sell them.”