Abu dhabi: Multiply Group, the Abu Dhabi-based investment holding company, has announced its acquisition of a majority stake in ISEM, a prominent European packaging group, pending regulatory approvals. Multiply Group will secure 60.8% ownership of ISEM, while Peninsula Capital and other minority investors will retain 39.2%.
According to Emirates News Agency, this acquisition marks the beginning of a strategic partnership between Multiply Group and Peninsula Capital. The collaboration aims to leverage Multiply’s platform-building expertise and capital strategies with Peninsula’s extensive sector knowledge and influence in Southern Europe. The partnership is expected to enhance ISEM’s leadership while propelling its global expansion, preserving core values like craftsmanship and client trust.
This venture constitutes Multiply Group’s entry into the packaging sector, adding a fifth consumer-focused vertical that complements its existing beauty and apparel businesses. ISEM Group, founded in 1949 and headquartered in Bologna, Italy, is renowned globally for its quality and innovation, serving luxury brands such as LVMH, Gucci, and L’Or©al. The company’s products include rigid boxes and silk paper, manufactured across 11 plants covering over 100,000 m².
Samia Bouazza, CEO and Managing Director of Multiply Group, emphasized the strategic fit of ISEM within Multiply’s portfolio, noting the company’s substantial growth in revenue and EBITDA from 2021 to 2024. Bouazza expressed optimism about creating synergies within the packaging industry and with Multiply’s beauty and apparel sectors.
Borja Prado from Peninsula Capital highlighted the significant growth and leadership position ISEM has achieved within the European packaging sector, attributing this to organic growth and strategic acquisitions. Francesco Pintucci, CEO of ISEM Group, welcomed Multiply Group as a partner, emphasizing continuity with ISEM’s long-term vision to support clients with high standards and a strong commitment to ESG principles.
