Avery Dennison’s $1.45 Billion Acquisition of Vestcom

Latham and Watkins advised Avery Dennison, while Goodwin Procter advised Charlesbank. Cleary Gottlieb represented Goldman Sachs as financial advisor to Avery Dennison in the transaction.

Avery Dennison executed its acquisition of Vestcom for $1.45 billion in a cash transaction, subject to certain closing and post-closing adjustments, from Charlesbank Capital Partners. The transaction was announced on July 28, 2021, and is expected to close in the third quarter of 2021.

Avery Dennison Corporation is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. Vestcom is the industry leader in technology-driven shelf-edge media solutions for Retailers and CPGs.

The Cleary Gottlieb team included partner Jim Langston (Picture) and Grace Gao. All lawyers are based in New York.

The Goodwin team was led by Joseph Bernardi, James Curley and Michael Jones and included Jessica Jacobs, Nick Barnard, Alexandra Haas, Darius Brown, Zamani Williams, David Patton, Nicole Spiteri, Timothy Holahan, Ana Alvarado, Nathan Brodeur, Andy Barton, James Devendorf, Andre Amorim, Fred Lim and Reid Bagwell.

Latham & Watkins LLP represented Avery Dennison in the acquisition with a corporate team led by Century City partner Steve Stokdyk and Los Angeles partner David Zaheer with associates Alidad Damooei, Ariel Gershoig, and Tyler Miller. Advice was also provided on tax matters by Los Angeles partner Larry Stein and Los Angeles counsel Will Kessler; on employee benefits and compensation matters by San Diego partner Holly Bauer and Chicago counsel Sandhya Chandrasekhar with associate Harrison Taylor; on intellectual property matters by Orange County counsel David Kuiper with associate Nathan Wages; on environmental matters by Los Angeles counsel Aron Potash with associate Jen Garlock; on real estate matters by Los Angeles partner Kim Boras; on antitrust matters Bay Area partner Joshua Holian and Washington, D.C. counsel Peter Todaro; on finance matters by Los Angeles partners Elizabeth Oh and Brent Epstein with associates Nathan Whitaker, Michael Jung, and Celia Lown; and on insurance matters by Los Angeles partner Drew Levin and associate Harrison White.

Involved fees earner: Grace Gao – Cleary Gottlieb Steen & Hamilton; James Langston – Cleary Gottlieb Steen & Hamilton; Ana Victoria Alvarado – Goodwin Procter; Andre Amorim – Goodwin Procter; Reid Bagwell – Goodwin Procter; Nicholas Barnard – Goodwin Procter; Andy Barton – Goodwin Procter; Joseph Bernardi – Goodwin Procter; Nathan Brodeur – Goodwin Procter; Darius Brown – Goodwin Procter; James Curley – Goodwin Procter; James Devendorf – Goodwin Procter; Alexandra Haas – Goodwin Procter; Timothy Holahan – Goodwin Procter; Jessica Jacobs – Goodwin Procter; Michael Jones – Goodwin Procter; Fredrich Lim – Goodwin Procter; David Patton – Goodwin Procter; Nicole Spiteri – Goodwin Procter; Zamani Williams – Goodwin Procter; Holly Bauer – Latham & Watkins; Kim Boras – Latham & Watkins; Sandhya Chandrasekhar – Latham & Watkins; Alidad Adam Damooei – Latham & Watkins; Brent Epstein – Latham & Watkins; Jennifer Garlock – Latham & Watkins; Ariel Gershoig – Latham & Watkins; Joshua Holian – Latham & Watkins; Michael Jung – Latham & Watkins; William Kessler – Latham & Watkins; David Kuiper – Latham & Watkins; Drew Levin – Latham & Watkins; Celia Lown – Latham & Watkins; Tyler Miller – Latham & Watkins; Elizabeth Oh – Latham & Watkins; Aron Potash – Latham & Watkins; Laurence Stein – Latham & Watkins; Steven Stokdyk – Latham & Watkins; Harrison Taylor – Latham & Watkins; Peter Todaro – Latham & Watkins; Nathan Wages – Latham & Watkins; Nathan Whitaker – Latham & Watkins; Harrison White – Latham & Watkins; David Zaheer – Latham & Watkins;

Law Firms: Cleary Gottlieb Steen & Hamilton; Goodwin Procter; Latham & Watkins;

Clients: Avery Dennison; Goldman Sachs & Co.; Vestcom;

Author: Martina Bellini