Morgan, Lewis and Bockius LLP served as CSS’ legal advisor; and Pepper Hamilton LLP served as special counsel to the special committee of the CSS Board. Seyfarth Shaw served as Design Group’s US legal advisor.
Through a subsidiary, IG Design Group acquired CSS for $9.40 per share in an all-cash transaction valued at approximately $88 million.
CSS is a creative consumer products company focused on the craft, gift, and seasonal categories.
IG Design Group, the largest consumer gift packaging business in the world, is a designer, innovator, and manufacturer of products that help people celebrate life’s special occasions.
Guggenheim Securities, LLC acted as financial advisor to CSS. Canaccord Genuity Limited acted as financial advisor to Design Group.
Morgan Lewis team advising CSS was led by Partners Justin Chairman (Picture) and Mike Baxter and associate Jacquelynne Hamilton.
Law Firms: Morgan Lewis;
Clients: CSS Industries, Inc.;