Platinum Equity has announced the signing of a definitive agreement to sell Multi-Color Corporation (MCC), a global leader in label solutions, to affiliates of Clayton, Dubilier & Rice (CD&R). Financial terms of the transaction were not disclosed. In connection with the transaction, CD&R also announced it has signed a definitive agreement to acquire Fort Dearborn from Advent International, and that it intends to combine MCC and Fort Dearborn to create a global label solutions company serving consumer packaged goods companies worldwide. The transactions are expected to close by the end of 2021, subject to customary regulatory approvals and other conditions.
Latham & Watkins LLP represents 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. All lawyers are based in the firm’s Washington, D.C. office with the exception of Mr. Dewitz and Mr. Kamerman in New York, Mr. Völcker, Ms. Beyer Blumental, and Ms. Dewaele in Brussels, and Ms. Dammann de Chapto in Hamburg.