October 11, 2023

Grupo Lappí, a Diana Capital portfolio company, acquires 100% of CPM-PENTA Group and consolidates its leadership in the labeling sector in the Iberian Peninsula

  • Diana Capital and co-investors finance through a capital increase this new operation of its portfolio company Grupo Lappí, becoming the leader in the label and printing solutions sector in the Iberian Peninsula.
  • The acquisition represents a key step in Lappí’s expansion strategy, strengthening its international presence in countries such as Switzerland, Italy and the Czech Republic, and the entry into the flexible packaging sector.
  • With this operation, Lappí incorporates two new production plants -in Madrid and near Lisbon- and adds six centers in the Iberian Peninsula.
  • Lappí expects to close 2023 with a turnover of 70 million euros and more than 380 employees after the incorporation of CPM-PENTA Group.

Madrid, October 11, 2023.

The private equity firm Diana Capital, specialized in investing in mid-sized companies, has announced the acquisition by its portfolio company Lappí, a leading Sevillian group in the labels and printing solutions sector, of 100% of the shares of the label and flexible packaging company CPM-PENTA Group, previously owned by the Portuguese private equity fund CREST Capital Partners SCR. This transaction, carried out through a capital increase, represents a new milestone in the expansion of Lappí, which consolidates its leadership in the Iberian Peninsula and Southern Europe and strengthens its international presence, entering countries such as Switzerland, Italy and the Czech Republic, becoming the fifteenth group in Europe.

With this acquisition, Lappí incorporates two new production plants, one in Madrid and the other in Salvaterra de Magos (near Lisbon), bringing the total number of its production centers in the Iberian Peninsula to six. In this way, and thanks to the synergies generated between the two groups, Lappí expects to improve its profitability and to close 2023 doubling its turnover to 70 million euros, with a workforce of 383 employees and around 53,000 m2 of facilities of its own. In addition to providing increased production capacity and efficient access to advanced printing solutions, the acquisition gives Lappí access to the flexible packaging sector and reaffirms its commitment to digitalization, sustainability and quality of service.

This transaction is not the first for leading labeling group Lappí. In 2019 it announced the acquisition of 100% of Gráficas Calipolense, the largest label manufacturing company for the food sector in Portugal, already becoming the largest group of this type of product in southern Europe. Among Lappí’s clients are the main multinational companies, such as Mahou-San Miguel, Coca Cola, Heinz, Pernod Ricard, Borges, Damm or Super Bock.

 

First transaction of Diana Capital’s third fund

The investment in CPM-PENTA Group is the first investment of the new private equity vehicle Diana Capital III FCR. In July, the fund manager announced a first closing of €150 million and plans to make the final closing at the end of the year with a size of €200 million.

Diana Capital focuses on the lower segment of the middle-market, the most dynamic and attractive in the sector, with a deal-flow that remains solid, with growth trends and with a higher number of investments than the rest. Since its founding, the fund manager has invested in a total of 29 companies: 12 through its two funds directly and in another 17 indirectly through its portfolio companies. It currently has EUR 240 million under management.

In addition, Diana Capital has received numerous awards for its management, such as the prizes awarded by the private equity association (SpainCap). Specifically, this year it has been recognized for the “Best Expansion Capital Transaction” for the transaction in Gransolar, an integrated photovoltaic energy company with a broad international presence. In other editions, it has also received the “Best Expansion Capital Transaction” for Indal, a lighting company currently part of the Philips Group, or the “Greatest Economic and Social Impact” for Guascor, a manufacturer of motors and energy capital goods, which Siemens sold to Mutares last year, both operations within the framework of its first fund.

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