Multiply Group, the Abu Dhabi-based investment holding company with a global portfolio, announced today its plan to acquire a majority stake in ISEM, a leading European packaging group, pending regulatory approvals.
Following the completion of the transaction, Multiply Group will own 60.8% of ISEM, while Peninsula Capital and minority investors will hold the remaining 39.2%.
This acquisition marks the beginning of a strategic partnership between Multiply and Peninsula, merging Multiply’s platform-building expertise and long-term investment approach with Peninsula’s deep sector insights and strong presence in Southern Europe.
Together, the partners aim to strengthen ISEM’s leadership position and drive its international expansion while preserving the company’s core values of craftsmanship, design excellence, and customer trust.
The acquisition represents Multiply Group’s entry into the packaging sector, forming its fifth consumer-focused vertical and strategically complementing its existing portfolio in beauty and apparel.
Established in 1949 and headquartered in Bologna, Italy, ISEM Group is a highly automated packaging leader, renowned for its contribution to the ‘Made in Italy’ hallmark — synonymous with quality, innovation, and partnerships with leading global luxury brands. Its clients include LVMH, Kiko, Gucci, L’Oréal, Puig, and Coty Lancaster.
ISEM’s product portfolio includes rigid boxes, folding cases, silk paper, and dust bags. The company operates 11 manufacturing facilities covering more than 100,000 square meters.
Commenting on the transaction, Samia Bouazza, Group CEO and Managing Director of Multiply Group, said, “This transaction is our second in Europe this year as we continue with our global growth ambitions. With 3x revenue and 4x EBITDA growth from 2021–2024, a long-standing blue-chip client base, a highly automated industrial footprint, and strong fundamentals, we believe ISEM Group is a great fit for our portfolio.
With this acquisition, alongside Peninsula Capital and the management of ISEM, we see opportunities to maximise competitive advantages, elevate value creation, and create synergies within the industry and potentially with our beauty and apparel sectors.”
Borja Prado, Founding Partner of Peninsula Capital, commented, “We are proud of the journey accomplished together with ISEM Packaging Group, which has become a European leader in packaging, and a partner of choice for global beauty and fashion leading brands. Since our entry, revenues have tripled through strong organic growth and targeted M&A, underscoring the strength and the distinctiveness of ISEM’s platform.”
Francesco Pintucci, CEO of ISEM Group, commented, “I am proud to welcome Multiply Group as the new majority shareholder of ISEM Packaging Group, alongside Peninsula and the management. This important step represents full continuity with our long-term vision and growth strategy: to build the world’s leading industrial group capable of supporting our customers at 360°, combining the highest standards of quality, innovation, and service with a strong ESG commitment.
Multiply Group’s investment will further strengthen ISEM’s industrial platform and accelerate our global expansion, enabling us to serve our clients even better – with greater scale, agility, and technological excellence – while preserving the entrepreneurial DNA and human values that define our success.”
(Inputs from WAM)
