Abu Dhabi - Mubasher: 2PointZero Group, formerly Multiply Group, has completed the acquisition of a 60.80% stake in Italy-based ISEM Packaging Group for AED 704 million, marking its expansion into the global packaging sector.
The transaction was executed through a combination of secondary and primary capital aimed at supporting ISEM’s organic and inorganic growth, according to a press release.
Meanwhile, Peninsula Capital and minority investors will retain the remaining 39.20% stake.
The deal positions packaging as the sixth consumer-focused vertical in 2PointZero’s portfolio, complementing its existing stakes in beauty and apparel.
This partnership aims to strengthen ISEM’s market position by expanding into new categories and geographies and integrating AI and digital technologies across the business. It also focuses on pursuing targeted mergers and acquisitions (M&A) to broaden the company’s industrial footprint and product capabilities.
Samia Bouazza, the CEO of 2PointZero, 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.”
“During our visit to ISEM’s facilities, I was particularly impressed by the level of automation, advanced robotics assembly, and state-of-the-art facilities, which drive operational efficiency, consistency, and margin strength," Bouazza added.
The CEO added: “Our entry into packaging is due to the sector continuing to deliver strong CAGR growth across multiple sub-segments, such as food, pharmaceuticals, and luxury.”
Borja Prado, Founding Partner of Peninsula Capital, commented: “Partnering with 2PointZero brings complementary capabilities that we believe will be transformative, not only for ISEM, but for the clients it serves as well. We look forward to building the next chapter together."
Founded in 1949 and headquartered in Bologna, ISEM Packaging is a European manufacturer serving sectors including beauty, fashion, luxury, and nutraceuticals. The company supplies products such as rigid boxes, folding cases, silk paper, and dust bags.
ISEM Packaging operates 11 manufacturing plants with a total industrial footprint exceeding 100,000 square metres (m2) and counts several global luxury brands among its clients, including LVMH, Kiko, Gucci, L’Oréal, Puig, and Coty Lancaster.
Several international law firms advised on the transaction, including Hogan Lovells on buy-side M&A, foreign direct investment, and antitrust matters, while Legance and Van Campen Liem advised Peninsula Capital on deal structuring and reinvestment arrangements.
During 2025, 2PointZero achieved an annual leap in net profits to AED 3.62 billion, compared with AED 189.03 million.
