Triton's All4Labels buys GPS Label, Rotomet

The companies will be known as GPS-Rotomet following the acquisition. The deal comprises Rotomet and the roll-fed activities of GPS, since GPS's shopping bags division will remain under the ownership of the Grotto family via the GPS Group.

Founders Andrea Cerisara and Daniele Grotto will each acquire a stake in All4Labels as part of the acquisition and will join its management team.

Triton acquired All4Labels in August 2019 in a deal that saw minority investor Genui exit the business. The MBO was backed by a €395m unitranche facility from Goldman Sachs and a €30m rolling credit facility from Commerzbank, Landesbank Baden-Wurttemberg and Goldman Sachs.

Triton deployed equity via its fifth flagship fund, which held a final close in January 2019 on €5bn, surpassing its target of €4bn. The fund has so far made nine platform investments, according to Unquote Data.

According to Unquote sister publication Mergermarket, All4Labels reported sales of €400m in 2018 and expected to generate revenues of more than €500m and EBITDA of around €80m in 2019. The company had 3,000 employees at the time of Triton's investment.

Company
Based in Schio, GPS Label and Rotomet produce labels via flexo and offset printing, producing shrink-sleeve and roll-fed labels for items such as bottles and jars. Both companies have a client base centred on the food, beverage, home and personal care markets.

Founded in 2000, the companies employ 130 people at their two production sites and generated revenues of €50m in 2019.

People
Triton – Herbert Doleisch, Fabrizio Gualdi (investment advisory professionals).
All4Labels – Adrian Tippenhauer (CEO); Romeo Kreinberg (chairman).
GPS-Rotomet – Andrea Cerisara, Daniele Grotto (founders).

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