Platinum Equity’s $2.5 Billion Acquisition of Multi-Color Corporation

Goldman Sachs & Co. LLC is serving as financial advisor to Multi-Color Corporation and Sidley Austin LLP and Keating Muething & Klekamp PLL are also providing legal counsel to Multi-Color Corporation. William Blair & Company has also provided a fairness opinion to the Multi-Color Corporation Board of Directors. Latham & Watkins LLP is serving as legal counsel to Platinum Equity LLC. Cahill Gordon & Reindel LLP is serving as legal counsel to the debt financing sources.

Multi-Color Corporation (NASDAQ: LABL) has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity LLC, a leading private equity firm. Under the terms of the agreement, which has been unanimously approved by Multi-Color Corporation’s Board of Directors, Multi-Color Corporation shareholders will receive $50.00 in cash for each share of common stock they own, in a transaction valued at $2.5 billion including the assumption of $1.5 billion of debt.

The cash purchase price represents a premium of approximately 32 percent over Multi-Color Corporation’s 30-day volume weighted average share price prior to January 22, 2019, the last trading day prior to media speculation regarding a potential transaction involving Multi-Color Corporation.

Sidley advised Multi-Color Corporation (NASDAQ: LABL) with a team including Beth Berg (Picture) and Gary Gerstman (M&A) and included Kelly Dybala and Alan Grinceri (finance), Karen Kazmerzak (antitrust) and Matt Johnson (employee benefits), as well as M&A associates Joe Clementz, Tiffany Chan, Sarah Iftekhar, Thomas Guzman and staff attorney Ryan Halimi (M&A).

Involved fees earner: Beth Berg – Sidley Austin LLP; Tiffany Chan – Sidley Austin LLP; Kelly Dybala – Sidley Austin LLP; Gary Gerstman – Sidley Austin LLP; Alan Grinceri – Sidley Austin LLP; Thomas Guzman – Sidley Austin LLP; Sarah Iftekhar – Sidley Austin LLP; Matthew Johnson – Sidley Austin LLP; Karen Kazmerzak – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Multi-Color Corporation;

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Author: Ambrogio Visconti