Pandea members Auctus Capital in Latvia and GMT Partners in Italy have successfully collaborated to close the sale of Impaks SIA (“Impaks”) to Tikedo S.r.l (“Tikedo”).

Pandea member firms collaborate to close cross-border deal

Impaks is a well-established company based in Riga, Latvia, and specialises in designing, producing, and distributing high-quality labels for the spirits industry. Impaks employs a versatile array of technologies, including flexographic and digital printing, foil stamping, relief stamping, varnishing, and hat and cold lamination, enabling the company to create labels that reflect the utmost in quality and innovation.

Tikedo (backed by White Bridge Investments) is a leading platform in the label printing sector. The acquisition of Impaks is Tikedo’s third in six months, taking their consolidated revenue to EUR 50 million.

The acquisition further solidifies Tikedo’s position as a one-stop-shop for label solutions and marks an important milestone in its growth strategy outside of Italy. This strategic acquisition provides Tikedo with significant benefits, encompassing enhanced technological capabilities via Impaks’ advanced machinery park, access to expertise in speciality raw material coating and lamination, and an expanded market reach. These advantages reinforce Tikedo’s commitment to delivering top-tier label solutions and setting industry standards for quality and innovation.

Impaks shareholders were advised on the sale by Pandea member Auctus Capital, led by Emils Enkuzens, who began marketing the business in July 2022. At this point, a sales flyer was circulated around the Pandea network.

GMT Partners systematically review every opportunity shared among Pandea and propose suggestions to the mandate holder. Sergio Morelli and Michele Gianinetti identified Tikedo as a potential buyer and agreed with Auctus to approach them.

The introduction of Tikedo into the process ultimately led to a successful outcome, and the deal was completed in September 2023.

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