Tapì Group Continue Expansion with Acquisition of T&G
Tapì Group has announced it is continuing an international expansion through the acquisition of T&G.
Through a strategic transaction following the acquisition of Tapì Argentina in October 2017, Tapì is enhancing its presence on the Central European markets and further strengthening its position as a growing multinational group in the design, production and distribution of closures for the beverage market.
Owned by Wise SGR through the Wisequity IV fund with co-investors Nuova Energia Holding, EuroInvest and the management; Tapì Group has entered a binding agreement for the purchase of an 80% of the share capital of T&G, a distributor covering Germany, Switzerland, Poland, Austria and The Netherlands.
The 20% left remains to T&G founder and managing director Mario Conoscenti, who will keep running the company aiming at further strengthening the Group positioning in Central Europe.
This transaction allows Tapì Group to be closer to its Central European customers and to enjoy a direct presence to further foster the development in the region, which is promising in terms of market opportunities.
Tapì Group CEO Roberto Casini said: “The acquisition of T&G is another piece of Group strategic plan that falls into place. Through this transaction, we continue along our journey towards the strengthening of the leadership positioning in the premium and super premium beverage closures niche.
“Leveraging the strong business relationships developed over the years, T&G will play a crucial role in driving the commercial expansion in Central European countries”.
CEO of T&G Mario Conoscenti said: “I’m happy to keep developing the company I founded back in 2011 while supporting the Group development on Central European markets that show very interesting opportunities in the spirits as well as in the beer segments”.
Wise Partner Stefano Ghetti said: “Following the acquisition of Tapì Argentina, we are extremely proud to welcome T&G within the Tapì Group. This is one more step towards the creation of a global champion within a well-identified niche that lies at the basis of Wise investment strategy”.
For Wise, the transaction has been carried out by Stefano Ghetti and Marco Mancuso while for Tapì, by Roberto Casini, Group CEO, and Claudio Giunta, Group CFO. Tapì has been advised as legal counsel by Simmons & Simmons while PWC managed the financial and tax due diligences.