Bar top closures specialist Tapì has been part of Wise Equity’s portfolio since 2017.
Italian luxury closures specialist Tapì is changing hands. Current shareholder Wise Equity is selling the company to Stirling Square Capital Partners for an undisclosed sum. The transaction is set to close in early 2023.
Wise Equity invested in Tapì in 2017 when the company had revenues of €35m. Thanks to investments in production capacity and efficiency as well as M&A activity (the group notably acquired Les Bouchages Delage in 2019), Tapì’s revenue has since almost quadrupled under the management of CEO Roberto Casini.
“Tapì is the global leader in the bar top closures market, with a focus on the high-growth premium and luxury niche. The Company is recognized by its clients for its ability to innovate and we are impressed by its strong ESG vocation. We are very excited to start working with Roberto and its first-class management team to drive the next phase of Tapì’s growth, both organically and through M&A,” Enrico Biale, Partner at Stirling Square, said in a statement.
Founded in 1999, Tapì produces closures for wines & spirits, cosmetics, condiments, beers and soft drinks. It has production facilities in Italy, France, Mexico and Argentina.