January 12, 2021 | Deals

GCA Altium advises Andera Partners on its investment in Pusterla 1880

GCA Altium acted as exclusive M&A advisor to Andera Partners on its investment in Pusterla 1880, a European leader in premium secondary packaging for luxury goods.

Pusterla 1880 is an Italian family-owned company leader in the manufacturing of premium packaging solutions serving a large portfolio of blue-chip clients in the high-end cosmetics and fragrances, wine and spirits, fashion accessories and jewellery sectors. The group is also at the forefront of innovation in eco-friendly packaging, with several prestigious references.

The group has rapidly grown over the years, thanks to a combination of organic growth and strategic acquisitions, and today employs more than 1,000 people in Italy, France, UK, Moldova and Tunisia. The partnership with Andera Partners will accelerate the growth of the group, especially enabling it to further build on its leading position in Europe.

Roberto Marini, CEO, and Luca Meana, CFO and Chairman of the Board of Directors of Pusterla 1880, commented: “Since our first discussions with the Andera Midcap team, we have built a relationship of understanding and mutual trust and we have found in Andera Midcap the right partner to support our ambitious growth plans.”

Pierre-Yves Poirier and Antoine Le Bourgeois, Partners at Andera Partners, said: “Andera Midcap is extremely proud to partner with Roberto Marini, Luca Meana and their team. We are very impressed by the management of the group and its track record, and our common objective is now to strengthen its leadership position in the European market and accelerate its growth through the pursuit of new development opportunities and M&A in Europe.”

Terms of the transaction will not be disclosed.

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