Stirling Square Capital Partners signed a contract with Wise Equity to acquire 100% of Tapì, an Italian maker of premium beverage closures. The deal is expected to close in early 2023. No price was disclosed.
Private equity firm Stirling Square completed its acquisition of Tapi, a beverage packaging closures group, from Wise Equity for €300m. The announcement was dated 20 December 2022 and the deal was completed in February 2023.
Italian closure maker Tapì Group announced a significant acquisition of French closure maker Les Bouchages Delage, creating a hub for premium and super premium spirits closures.
Tapì Group, a beverage closures maker owned by Wise SGR, has entered a binding agreement to buy 80% of T&G GmbH, the sole distributor for Germany, Switzerland, Poland, Austria and the Netherlands. The founder keeps the remaining 20%.
Tapì Group completed the acquisition of Tapì Argentina, moving from a minority stake to 90% ownership, with the remaining 10% held by CEO Mariano Paz. The Argentine plant will serve demand across South America.
The Wise private equity fund acquired Tapì Group, an Italian maker of design closures for the packaging industry, under an investment plan to expand internationally and boost R&D. The group has factories in Italy, Mexico and Argentina and turns over about 40 million euros.