Abu Dhabi-based 2PointZero Group investment firm declared that it has completed the acquisition of a 60.8 percent stake in Italy’s ISEM Packaging Group for Dhs704 million ($192 million) to enter the international packaging industry.
The company reported that the deal was accomplished via a combination of primary and secondary capital. Private equity firm Peninsula Capital and other minority investors will retain the remaining 39.2 percent stake in the business.
The acquisition is the sixth packaging consumer-centric vertical acquired by 2PointZero, supplemented by its investments in other sectors, including beauty and apparel.
ISEM was established in 1949 and has its headquarters in Bologna, where it manufactures packaging products, such as rigid boxes, folding cases, silk paper, and dust bags for global luxury and cosmetics brands such as LVMH, Gucci, L’Oréal, and Coty.
However, the company operates 11 manufacturing plants with a combined industrial footprint of more than 100,000 square metres.
Samia Bouazza, Chief Executive of 2PointZero Group, said, “The completion of this transaction marks an important step in advancing our global growth ambitions and establishing a scalable platform in the packaging industry.”
Bouazza added that the company will help ISEM grow internationally and implement the use of artificial intelligence and digital technologies throughout the business to enhance its operations.
Borja Prado, the founding partner at Peninsula Capital, added that the investment would deliver capital and global access to ISEM to stimulate growth.
Prado added, “This investment will provide ISEM with the capital, global reach, and strategic support to further accelerate its expansion.”
Francesco Pintucci, chief executive of ISEM Packaging Group, stated that the deal would enable it to grow without losing its emphasis on craftsmanship and relationships with luxury customers.
He reported, “With 2PointZero and Peninsula, ISEM has the platform to take that offer global.”
Law firm Hogan Lovells advised both 2PointZero and Peninsula Capital on the transaction, while Legance and Van Campen Liem consulted Peninsula Capital on structuring and reinvestment scenarios. Thus, Gatti Pavesi Bianchi Ludovici and Herbert Smith Freehills advised on the sell-side.
