Abu dhabi: 2PointZero Group PJSC (ADX: 2PointZero), a major player in the energy and consumer sectors, has announced the completion of a significant transaction to acquire a majority stake in ISEM, a renowned European packaging group. This acquisition, valued at AED704 million, involves a combination of secondary and primary capital aimed at accelerating both organic and inorganic growth.
According to Emirates News Agency, 2PointZero Group now owns 60.8% of ISEM, with Peninsula Capital and other minority investors holding the remaining 39.2%. This acquisition marks the beginning of a strategic partnership between 2PointZero and Peninsula, aimed at strengthening ISEM's leadership position through category and geographic expansion. The partnership will focus on integrating AI and digital technologies across ISEM's operations, from manufacturing to client interactions, and supporting targeted mergers and acquisitions to enhance ISEM's industrial capabilities.
Samia Bouazza, CEO of 2PointZero Group, emphasized the importance of this acquisition in advancing the group's global growth ambitions and establishing a scalable platform in the packaging industry. Packaging now becomes 2PointZero's sixth consumer-focused vertical. Bouazza highlighted the impressive automation and advanced robotics at ISEM's facilities, which contribute to operational efficiency and margin strength.
Bouazza further noted that the packaging sector continues to deliver strong growth across various sub-segments, including food, pharmaceuticals, and luxury. With 2PointZero's expertise in strategic mergers and acquisitions, AI deployment, and operational integration, the group is well-positioned to support ISEM's international expansion and deliver long-term returns for shareholders.
The acquisition represents a significant expansion into the packaging sector for 2PointZero Group, complementing its existing beauty and apparel businesses. ISEM, founded in 1949 and headquartered in Bologna, Italy, is recognized globally for its quality and innovation, serving luxury clients such as LVMH, Kiko, Gucci, L'Or©al, Puig, and Coty Lancaster. ISEM's product offerings include rigid boxes, folding cases, silk paper, and dust bags, with an industrial footprint of 11 manufacturing plants covering over 100,000 m².
Borja Prado, Founding Partner of Peninsula Capital, remarked on the transaction's potential to mark a transformative phase for ISEM. He emphasized that the investment would provide ISEM with the necessary capital, global reach, and strategic support to accelerate its expansion, while the partnership with 2PointZero would offer complementary capabilities.
Francesco Pintucci, CEO of ISEM Packaging Group, expressed pride in what ISEM has achieved and looked forward to the group's global expansion. He thanked the stakeholders, clients, and suppliers for their support in building ISEM's reputation as a partner of choice for luxury clients.
Legal advice for the transaction was provided by partners and senior associates from Hogan Lovells, with Legance assisting Peninsula Capital on its reinvestment and stakeholder agreements with 2PointZero Group. Van Campen Liem advised on deal structuring, while Gatti Pavesi Bianchi Ludovici and Herbert Smith Freehills Kramer advised on the sell-side throughout the sale process.
