Andera — backed PM Studio Group acquires premium packaging specialist TNT Group

PM Studio Group agreed to acquire TNT Group, expanding its premium primary and secondary packaging footprint in beauty and wines and spirits. Andera Partners has backed PM Studio Group through its Andera Expansion strategy since 2024. The combined packaging group is expected to generate about EUR 130 million in revenue with nearly 150 employees worldwide. TNT co-founders Thomas Diezinger and Toby Cattermole will reinvest a significant share of proceeds alongside key managers. Damon Kennish was appointed CEO of TNT Group. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Andera Partners SAS published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the information contained therein. (C)