Fort Dearborn’s Merger With Multi-Color Corporation

Kirkland & Ellis advised Fort Dearborn, Debevoise & Plimpton LLP advised CD&R on the transaction, while Latham & Watkins LLP represented Platinum Equity and Multi-Color Corporation.

Clayton, Dubilier & Rice (“CD&R”) announced a definitive agreement under which CD&R funds will acquire and combine Fort Dearborn and Multi-Color Corporation (“MCC”), to create the world’s largest label solutions company serving customers worldwide. The CD&R funds are acquiring Fort Dearborn and MCC from global private equity investors Advent International and Platinum Equity, respectively. Terms of the transaction were not disclosed.

The combination of Fort Dearborn and MCC will create a diversified platform across label technologies, end categories, geographies and customers. It will serve a diverse mix of customers active in a number of end categories, including wine and spirits, food and beverage, beer, and home and personal care. The combined company is expected to generate approximately $3 billion of annual revenue.

With 20 locations across the United States, Fort Dearborn’s mission is to be the leading prime label supplier to the consumer goods marketplace by offering a comprehensive and innovative suite of label solutions to consistently meet its customers’ dynamic packaging needs and business objectives. 

Cincinnati, Ohio, U.S.A. based Multi-Color Corporation (MCC), established in 1916, is a leader in global label solutions supporting a number of the world’s most prominent brands including leading producers of Beverage, Wine & Spirits, Food & Dairy, Personal Care & Beauty, Home Care & Laundry, Healthcare, Durables & Technical and Automotive & Chemicals. 

Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $35 billion in 100 companies with an aggregate transaction value of more than $150 billion. 

The Debevoise team was led by M&A partners Uri Herzberg (Picture), Kevin Rinker and Emily Huang, included partner Kevin Schmidt, counsel David Iozzi and associates Jason Auman, Eli Bienstock, Julia Chen, Joel Salomon and Dominique Trudelle, finance partner Scott Selinger, counsel Kevin Grondahl and associates Shira Huberfeld, Richard Hughes, Alyssa Novoselac and Hanson Yu, investment management associates Ruth Fruchter and Paul Laszlo, FDA regulatory partner Paul Rubin and associate Melissa Runsten, benefits partner Meir Katz and associate Spencer Mizerak, tax partner Peter Furci and associate Elliott Tuchman, real estate associates David Saltzman and Malina Welman, intellectual property associate Melody Godbolt, and antitrust partners Ted Hassi and Timothy McIver and counsel Kyra Bromley.

The Kirkland team was led by corporate partner Will Boothby and included debt finance partners Jay Ptashek and Mark Adler and corporate partners Andrea Conzatti and Doug Ryder.  

Latham & Watkins LLP represented Platinum Equity and Multi-Color Corporation in the transaction with a corporate deal team led by partners David Brown and Marc Granger, with associates Faisal Amin and Philip Doerr. Advice was also provided on tax matters by partner Matthew Dewitz, with associate Eric Kamerman; on finance matters by partners Patrick Shannon and Scott Forchheimer and counsel Christopher Cronin, with associate Melissa Fabian; on employee benefits and compensation matters by partner Matthew Conway, with associate Nikhil Kumar; on environmental matters by partner James Barrett; on intellectual property matters by counsel Kieran Dickinson, with associate Morgan Brubaker; on compliance matters by partner Eric Volkman, with associates Christopher D’Agostino and Elizabeth Annis; on antitrust matters by partners Sven Völcker and Amanda Reeves and counsel Patrick English, with associates Eva Beyer Blumental and Marine Dewaele; and on foreign direct investment matters by counsel Jana Dammann de Chapto. 

Involved fees earner: Jason Auman – Debevoise & Plimpton; Eli Bienstock – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Ruth Fruchter – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Melody Godbolt – Debevoise & Plimpton; Kevin Grondahl – Debevoise & Plimpton; Ted Hassi – Debevoise & Plimpton; Uri Herzberg – Debevoise & Plimpton; Emily Huang – Debevoise & Plimpton; Richard Hughes – Debevoise & Plimpton; David Iozzi – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Paul Laszlo – Debevoise & Plimpton; Timothy McIver – Debevoise & Plimpton; Spencer Mizerak – Debevoise & Plimpton; Alyssa Novoselac – Debevoise & Plimpton; Kevin Rinker – Debevoise & Plimpton; Paul Rubin – Debevoise & Plimpton; Melissa Runsten – Debevoise & Plimpton; Joel Salomon – Debevoise & Plimpton; David Saltzman – Debevoise & Plimpton; Kevin Schmidt – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton; Dominique Trudelle – Debevoise & Plimpton; Elliott Tuchman – Debevoise & Plimpton; Malina Welman – Debevoise & Plimpton; Mark Adler – Kirkland & Ellis; Willard Boothby – Kirkland & Ellis; Andrea Conzatti – Kirkland & Ellis; Jay Ptashek – Kirkland & Ellis; Douglas Ryder – Kirkland & Ellis; Faisal Amin – Latham & Watkins; Elizabeth Annis – Latham & Watkins; James Barrett – Latham & Watkins; Eva Beyer Blumental – Latham & Watkins; David Brown – Latham & Watkins; Morgan Brubaker – Latham & Watkins; Matthew Conway – Latham & Watkins; Christopher Cronin – Latham & Watkins; Christopher D’Agostino – Latham & Watkins; Jana Dammann de Chapto – Latham & Watkins; Marine Dewaele – Latham & Watkins; Matthew Dewitz – Latham & Watkins; Kieran Dickinson – Latham & Watkins; Philip Doerr – Latham & Watkins; Patrick English – Latham & Watkins; Melissa Frankel Fabian – Latham & Watkins; Scott Forchheimer – Latham & Watkins; Marc Granger – Latham & Watkins; Eric Kamerman – Latham & Watkins; Nikhil Kumar – Latham & Watkins; Amanda Reeves – Latham & Watkins; Patrick Shannon – Latham & Watkins; Sven Völcker – Latham & Watkins; Eric Volkman – Latham & Watkins;

Law Firms: Debevoise & Plimpton; Kirkland & Ellis; Latham & Watkins;

Clients: Clayton Dubilier & Rice; Fort Dearborn; Multi-Color Corporation; Platinum Equity, LLC;

Author: Martina Bellini