Lifetime Brands’s $313 Million Acquisition of Filament Brands


Paul, Weiss is representing Filament Brands in its sale to Lifetime Brands, Inc. Based upon the closing price of Lifetime common stock the transaction values Filament at an enterprise value of approximately $313 million, which represents a pro forma adjusted EBITDA multiple of approximately 6.3x, inclusive of synergies and the effect of the net present value of inherited tax attributes. Filament, a portfolio company of Centre Partners, is a category leader and innovator in the housewares industry.

Lifetime is a leading global provider of kitchenware, tableware and other products used in the home.

The Paul, Weiss team included corporate partners Steven Williams (Picture) and Raphael Russo and counsel David Carmona and Philip Heimowitz; tax partner Brad Okun; real estate partner Peter Fisch; intellectual property partner Chuck Googe; antitrust counsel Marta Kelly; and environmental counsel William O’Brien.

Involved fees earner: Steven Williams – Paul Weiss Rifkind Wharton & Garrison; Raphael Russo – Paul Weiss Rifkind Wharton & Garrison; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Philip Heimowitz – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Filament Brands;

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Author: Ambrogio Visconti