Multiply Group to buy majority stake in Italian packaging company ISEM

Core Insights - Multiply Group, an investment holding company based in Abu Dhabi, is set to acquire a majority stake of 60.8% in Italy's ISEM Packaging Group, with the deal pending regulatory approval and undisclosed financial terms [1][2] Group 1: Acquisition Details - The acquisition will result in Multiply Group owning 60.8% of ISEM, while Peninsula Capital and other minority investors will hold the remaining 39.2% [1] - ISEM Packaging Group, established in 1949 and located in Bologna, operates 11 manufacturing plants and produces various packaging products for global brands [2] Group 2: Strategic Implications - This acquisition marks Multiply's expansion into the packaging sector, adding a fifth consumer-focused vertical to its portfolio, which already includes beauty and apparel businesses [2] - The partnership aims to leverage Multiply's investment capabilities and Peninsula's sector expertise to accelerate ISEM's international growth [3] Group 3: Leadership Perspectives - Multiply Group's CEO, Samia Bouazza, emphasized the potential for maximizing competitive advantages and creating synergies within the industry and with existing sectors [4] - ISEM's CEO, Francesco Pintucci, noted that Multiply's investment will enhance ISEM's industrial platform and support its global expansion while maintaining its entrepreneurial values [4]