Draper Gain Investments Limited and other investors’s acquisition of International Trimmings and Labels Plc

Slaughter and May is advising a consortium of investors led by Draper Gain Investments Limited on the acquisition of privately owned International Trimmings and Labels Plc, a leading designer, manufacturer and distributor of apparel labelling and identification products and supply chain management solutions with operations in the United Kingdom, Canada, China, India, Sri Lanka, Turkey, Bangladesh, Vietnam, Mexico, North America and South Africa.

he transaction, effective as of 31 December 2017, values ITL at $187m on a debt-free, cash-free basis.

The firm also advising on the financing of the acquisition, with facilities provided by FirstRand Bank Limited (acting through its Rand Merchant Bank division).

Slaughter and May is advising a consortium of investors with a Corporate team led by Murray Cox (partner, in picture), assisted by Di Yu (associate) and Eleanor Stubbs (associate); the Financing team is led by Caroline Phillips (partner); Jansy Man (associate); Sabelo Goma (visiting lawyer); on Tax law is acting Gareth Miles (partner) and Jamshed Bilimoria (associate).

Involved fees earner: Murray Cox – Slaughter and May; Di Yu – Slaughter and May; Eleanor Stubbs – Slaughter and May; Caroline Phillips – Slaughter and May; Jansy Man – Slaughter and May; Sabelo Goma – Slaughter and May; Gareth Miles – Slaughter and May; Jamshed Bilimoria – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Draper Gain Investments Limited;