23 Oct 2025

Multiply Group and Peninsula Capital Acquire Majority Stake in European Packaging Leader ISEM

"Multiply Group and Peninsula Capital have reached agreements to acquire a majority stake in ISEM, a leading European packaging group. The international law firm Hogan Lovells provided assistance to Multiply Group and Peninsula Capital on the M&A aspects, while Legance supported Peninsula Capital in reinvesting in ISEM. Gatti Pavesi Bianchi Ludovici and Herbert Smith Freehills Kramer assisted Peninsula Capital in the overall sale process."

**Law Firms Involved in the Transaction:** The international law firm Hogan Lovells assisted Multiply Group and Peninsula Capital (buy side) in M&A aspects, while Legance supported Peninsula Capital in reinvesting in ISEM and in the shareholders' agreements with Multiply. Gatti Pavesi Bianchi Ludovici and Herbert Smith Freehills Kramer provided assistance to Peninsula Capital (sell side) in the overall sale process. **Transaction Overview:** Multiply Group, the Abu Dhabi holding company that invests and manages business activities globally, and Peninsula Capital have signed agreements to acquire a majority stake in ISEM, one of the leading European groups in the packaging sector. **Lawyers Involved:** - **Hogan Lovells:** - Alessandro Seganfreddo (Partner, M&A) - Alex Dolmans (Partner, M&A) - Maria Lucia Passador (Associate, M&A) - Stefania Maracich (Associate, M&A) - Francesco Santella (Associate, M&A) - Iacopo Canino (Partner, Finance) - Casto Gonzalez-Paramo (Partner, Antitrust and FDI) - Raquel Fernandez (Senior Associate, Antitrust and FDI) - Alexander Koch (Partner, Luxembourg Law) - Emmanuel Lamaud (Counsel, Luxembourg Law) - **Legance:** - Francesco Florio (Partner) - Marino Ghidoni (Senior Counsel) - Alessandro Airaghi (Counsel) - **Gatti Pavesi Bianchi Ludovici:** - Guidomaria Brambilla (Partner) - Gianludovico Maggi (Senior Associate) - Emanuele Borelli (Associate) - **Herbert Smith Freehills Kramer:** - Augusto Santoro (Partner) - Bernadetta Troisi (Of Counsel) - Cesare Saputo (Senior Associate)
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