M&A Deal Summary

CD&R Acquires Multi-Color

On July 2, 2021, private equity firm CD&R acquired packaging company Multi-Color from Platinum Equity

Acquisition Highlights
  • This is CD&R’s 2nd transaction in the Packaging sector.
  • This is CD&R’s 55th transaction in the United States.
  • This is CD&R’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2021-07-02
Target Multi-Color
Sector Packaging
Buyer(s) CD&R
Sellers(s) Platinum Equity
Deal Type Secondary Buyout
Advisor(s) Latham & Watkins
Minter Ellison (Legal)

Target

Multi-Color

Batavia, Ohio, United States
Multi-Color is a provider of label solutions supporting a number of brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. Multi-Color was founded in 1916 and is based in Batavia, Ohio.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 76 of 92
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 23 of 26
State (Ohio) 3 of 4
Country (United States) 55 of 67
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 apree health

Seattle, Washington, United States

apree health is a critical shift to value-based care across the United States with the capability to deliver whole system health to a diverse patient population from a single care center. The apree health model is uniquely designed to help people achieve optimum social, psychological, and physical well-being an outcome that's neither probable nor affordable within the current sick-care system. apree health was formed in 2008 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Solenis

Wilmington, Delaware, United States

Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 2014 and is based in Wilmington, Delaware.

Sell $5.3B

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 71 of 78
Sector (Packaging) 5 of 6
Type (Secondary Buyout) 20 of 21
State (Ohio) 6 of 6
Country (United States) 59 of 65
Year (2021) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Jm Swank

North Liberty, Iowa, United States

Jm Swank is a food ingredient sourcing and distribution company. JM Swank has been expanding its distribution model to provide an integrated supply chain from order to delivery. The company transport 800 million pounds of product annually and provide expertise in sourcing, distribution and logistics to customers nationwide. Jm Swank is based in North Liberty, lowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Solenis

Wilmington, Delaware, United States

Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 2014 and is based in Wilmington, Delaware.

Buy $5.3B
Mergr

Product

Company

Legal