Tapì S.p.A.
Established: 1999
Country: Italy
Region: Veneto
Investors: Wise Equity (Wisequity IV)
Tapì is the global leader in the design, production and distribution of closures for the premium and super premium spirits and beverage segment with a 2022 turnover of over €120 million.
Founded in 1999 in the Veneto region of Italy, today Tapì is a 'global boutique' with over 900 employees, production facilities and sales offices in Italy, France, the USA, Mexico and Argentina. At Tapi, a closure does not have a purely functional purpose: on the contrary, it is an opportunity to make every bottle different. That's why the company is constantly developing pioneering solutions to challenge the traditional role of the closure, whether it's an innovation relating to a never-before-seen shape, a revolutionary sustainable material or a new idea of luxury.
~€120m
turnover in 2022 (3x more than in 2017)
€30m
EBITDA in 2022 (3.75x compared to 2017)
30
employees in R&D Department in 2022 (5x compared to 2017)
The partnership with Wise Equity has enabled Tapì to successfully realise an ambitious development project and become the global leader in the design, production and distribution of high-end closures for the premium and super premium spirits and condiments segment. In Wise Equity team we found a deep understanding of Tapì’s market, its business model and the growth opportunities for internal and external lines; this made it possible to share all the most important strategic choices, always aiming at long-term objectives for the company. Thanks also to Wise Equity’s specific expertise in M&A, together we have finalised three acquisitions, which have enabled a significant acceleration in growth, leading Tapì to quadruple its turnover during the fund’s investment period.
Key achievements
3 acquisitions (in Argentina, Germany and France) - including the main competitor globally, completed during Wise investment period to increase market penetration and product range
Continuously investing in production capacity with new facilities in Mexico and Italy, more than doubling production capacity and improving production efficiency
Creation of a new international top management of high standing in discontinuity with the previous entrepreneurial management, with the hiring of 17 new first line managers
Employment impact
930+ employees (including M&A) in 2022 (vs ~480 at entry)
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