2PointZero bags an Italian luxury packaging company: IHC’s 2PointZero Group finalized its 60.8% acquisition of Italian luxury packager Isem Packaging Group for AED 704 mn, according to an ADX disclosure (pdf). The European firm — serving beauty, fashion, and nutraceuticals — caters to leading luxury clients including LVMH, Gucci, and L’Oréal. The purchase comes as the newly consolidated IHC subsidiary aims to expand its portfolio and deepen its industrial footprint.

ICYMI- An unidentified subsidiary of 2PointZero Group acquired a stake in Boston-based health tech wearables firm Whoop earlier this week, while another subsidiary, EPointZero Holding, increased its stake in Egyptian fintech Maseera Holding to 100% in December.

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