We are pleased to announce that 21 Invest has organized an LBO for the acquisition of a majority stake in GPP, an Italian leader in the graphic and packaging sector. This transaction will be completed in July and will be the first investment of the newly formed Fund, 21 Investimenti II. GPP is specialized in luxury and general folding carton packaging, promotional displays, and visual communication. The company generated revenues of approximately Euro 50 million in 2007. In Italy, the packaging market is fragmented and GPP is an ideal platform to run a build-up project through selected add-on acquisitions. 21 Invest will bring its expertise in industry and finance to GPP in order to strengthen its market position, consolidate the leadership of the brand and support its solid growth potential.
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