Groupack: Cherry Bay Capital Invests in European Mechatronic Leader
Deal News | Dec 27, 2024 | Finance Community IT - 3 Private Equity
Cherry Bay Capital Group has made a strategic investment in Groupack Holdings S.A., acquiring a minority stake in the company. This move marks a significant step for Cherry Bay Capital, a private capital group that advises ultra-high-net-worth individuals and family offices globally, leveraging its investment club structure. The investment was supported by DWF Italy, who provided legal counsel, and Studio Zambello, handling tax advice for the transaction. Groupack's financial advisory was managed by Meti Corporate Finance. Founded by Marco Giovannini in 2022, Groupack is a 'buy & build' initiative in the mechatronic sector targeting industries such as pharma, healthcare, and specialty packaging. The company's current strategic aim is to integrate advanced technologies and value chain components across Europe, enhancing its market position. With pro forma revenues reaching 130 million euros, Groupack plans to grow its revenues to 400 million euros by 2028 through both organic growth and strategic acquisitions. Cherry Bay Capital's investment aligns with their strategy to consolidate and push forward innovative projects within the advanced mechanics industry in Italy, emphasizing the development of small companies with high potential on a global scale.
Sectors
- Private Equity
- Mechatronics
- Healthcare and Pharma
- Packaging Industry
Geography
- Italy – Cherry Bay Capital and Groupack are both Italian entities operating in strategic sectors, with investments aimed at boosting Italy’s industry potential on a global scale.
- Europe – Groupack's strategic goal is to create a European leader in mechatronics, targeting integration and expansion within European markets.
Industry
- Private Equity – The article discusses Cherry Bay Capital Group's investment in Groupack, highlighting private equity's role in strategic investments within niche markets.
- Mechatronics – Groupack Holdings operates within the mechatronics industry, focusing on providing solutions for the pharma, healthcare, and specialty packaging sectors.
- Healthcare and Pharma – Groupack targets pharma and healthcare sectors through its advanced mechatronic innovations and solutions, relevant to the industry's growth strategy.
- Packaging Industry – The article references Groupack’s involvement in specialty packaging for various industries, integral to its 'buy & build' strategy.
Financials
- 130 million euros – Groupack's current pro forma revenues.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cherry Bay Capital Group | Investor | Company | A private capital and wealth advisory firm focused on UHNWI and family offices, engaging in strategic investments through its investment club. |
| Groupack Holdings S.A. | Target Company | Company | A mechatronics company operating in pharma, healthcare, and specialty packaging sectors, executing a 'buy & build' strategy. |
| Meti Corporate Finance | Financial Advisor | Company | Served as the financial advisor to Groupack during the transaction. |
| DWF Italy | Legal Advisor | Company | Provided legal advisory services to Cherry Bay Capital in the investment deal. |
| Studio Zambello | Tax Advisor | Company | Offered tax advice on the investment structure for Cherry Bay Capital's transaction. |
| Marco Giovannini | Chairman of Groupack | Person | Founder of Groupack, aiming to create a European leader in the mechatronics sector with significant market integration. |
| Mattia Rossi | Founding Partner of Cherry Bay Capital | Person | An executive at Cherry Bay Capital who comments on the strategic alignment of the investment with the firm's goals. |