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Label manufacturing and retail technology firm Beontag bags loan of €120m for global expansion — Retail Technology Innovation Hub

admin by admin
January 17, 2023
in Service Retail News



Beontag, a manufacturer of self-adhesives and smart tags, has closed a debt raise of €120 million.

This was secured via Tags Lux Sarl., a wholly owned subsidiary, and through a syndicate of banks led by Deutsche Bank, in support of its international growth.

Beontag, which lays claim to being the second largest provider of digital RFID and NFC solutions for some of the world’s biggest fashion and consumer brands, is expected to achieve €550 million in revenue for 2022, with international and national acquisitions, integrations and expansion contributing to top-line growth from pro forma actualised revenues of more than €400 million in 2021.

This is the first significant, international capital raise by the Brazilian founded company, with operations now spanning more than 15 international facilities and a presence in over 40 countries. 

Beontag’s Chief Financial Officer, Pedro Christ, comments: “Investment is a key aspect of our journey to become a truly borderless, end-to-end solutions provider of self-adhesive label stock and IoT solutions.”

“And we believe this syndicated capital raise is a good example of the confidence of international investors in our global strategy, as well as our current operational fundamentals.”  

He adds: “For 2023, and beyond, we are excited to continue to innovate and expand our solutions to meet our clients’ demands for future focused support, all while taking care to improve our ESG credentials and reduce the impact of our sector on the planet.”

Managing Director of Global Emerging Markets at Deutsche Bank, Ricardo Cunha, says: “We are delighted to partner with Beontag for this transaction.”

“This commitment, with and added ESG incentive, reflects our confidence in both the strength and sustainable intention of their innovative plans for the sector. “

“We look forward to keep supporting Beontag as the company expands into different markets and geographies.”



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