Abu Dhabi – Multiply Group To Buy Majority Stake In Italy’s ISEM Packaging Group
Abu Dhabi-based investment company Multiply Group announced that it will buy a 60.8% majority stake in ISEM Packaging Group, a leading packaging company in Italy. The amount of the deal has not been shared.
About the partnership
Under the agreement, Multiply Group will own 60.8% of ISEM, while Peninsula Capital and other small investors will keep the remaining 39.2%. The deal still needs approval from regulators.
Multiply said this move combines its long-term business growth plans with Peninsula’s strong knowledge of the European market.
This purchase marks Multiply Group’s entry into the packaging industry, becoming its fifth consumer-focused business area, and supports its existing beauty and apparel investments.
Peninsula Capital has invested in more than 22 deals, with amounts ranging from $34.9 million to $3.5 billion (30 million to 1 billion euros).
Multiply Group also reported a 39% rise in second-quarter revenue, reaching $136.9 million (AED 503 million), showing strong growth across all business areas.
Leaders’ statements
“This is our second deal in Europe this year as we continue to expand globally,” said Samia Bouazza, CEO and Managing Director of Multiply Group, who is listed among Forbes Middle East’s 100 Most Powerful Businesswomen 2025.
“With triple revenue and four times EBITDA growth from 2021 to 2024, a strong client base, and modern production facilities, ISEM Group is a great fit for our portfolio,” she added.
Borja Prado, founding partner of Peninsula Capital, said, “Since we joined, ISEM’s revenues have tripled thanks to strong organic growth and strategic acquisitions.”
About ISEM Group
Founded in 1949 and based in Bologna, Italy, ISEM Group makes luxury packaging such as rigid boxes, folding cases, silk paper, and dust bags. Its top clients include LVMH, Kiko, Gucci, L’Oréal, Puig, and Coty Lancaster.
The company runs 11 manufacturing plants covering over 100,000 square meters and is known for its automation, innovation, and high ‘Made in Italy’ quality.
Published: 9th October 2025
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