Key Takeaways:
- PM Studio Group has acquired TNT Group, creating a luxury packaging business with combined revenue of about $146 million.
- Andera Partners has backed PM Studio Group through its Andera Expansion strategy since 2024.
- Andera Partners has completed several acquisitions, including By No and Édition Limitée.
The deal creates a packaging business with approximately €130 million ($146 million) in combined revenue.
WHO: TNT Group was established in 2013 by Toby Cattermole and Thomas Diezinger. The company operates from Hong Kong, Paris, and New York, supplying premium packaging to established luxury houses and niche brands. TNT Group has operations in Hong Kong SAR, Paris, France, and New York. It follows a fabless model, supported by industrial partners in Asia and Europe.
Based in Paris, PM Studio Group was founded by Patricia Stranik and Sven Döbert in 2018. As a supplier of secondary packaging and accessories for beauty, luxury, fashion, and more, it has become synonymous with expertise in the beauty and luxury sectors. The group has been backed since 2024 by the investment fund Andera Expansion and has already completed several acquisitions, including By No and Édition Limitée.
WHY: This transaction reflects a desire for long-term alignment and a shared commitment to a common vision, while preserving both groups' identity, agility, and entrepreneurial culture.
IN THEIR OWN WORDS: Thomas Diezinger, co-founder of TNT Group, said, “We are approaching this new chapter with enthusiasm and eagerness. We are creating a global spearhead in packaging. The outstanding creativity of PM Studio Group, combined with TNT Group’s cutting-edge engineering, serving...
