M&A Deal Summary

Clearlake Capital Acquires IPG

On March 8, 2022, private equity firm Clearlake Capital acquired packaging company IPG for 2.6B USD

Acquisition Highlights
  • This is Clearlake Capital’s 2nd transaction in the Packaging sector.
  • This is Clearlake Capital’s 5th largest (disclosed) transaction.
  • This is Clearlake Capital’s 75th transaction in the United States.
  • This is Clearlake Capital’s 4th transaction in Florida.

M&A Deal Summary
Date 2022-03-08
Target IPG
Sector Packaging
Buyer(s) Clearlake Capital
Deal Type Going Private
Deal Value 2.6B USD
Advisor(s) Morgan Stanley
National Bank Financial (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Fasken Martineau DuMoulin (Legal)

Target

IPG

Sarasota, Florida, United States
IPG develops, manufactures, and sells a variety of paper and film-based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products, and packaging machinery for industrial and retail use. IPG was founded in 1981 and is based in Sarasota, Florida.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 78 of 90
Sector (Packaging) 2 of 2
Type (Going Private) 6 of 7
State (Florida) 4 of 5
Country (United States) 75 of 85
Year (2022) 1 of 9
Size (of disclosed) 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 That’s How We Roll

Montclair, New Jersey, United States

That’s How We Roll is a producer and marketer of ParmCrisps and Thinsters, two fast-growing, better-for-you brands offering delicious, convenient products. That’s How We Roll is based in Montclair, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Discovery Education

Charlotte, North Carolina, United States

Discovery Education with its state-of-the-art digital platform supports learning wherever it takes place. Through its multimedia content, instructional supports, and innovative classroom tools, the company helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. It serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in nearly 100 countries and territories. Discovery Education is based in Charlotte, North Carolina.

Buy -
Mergr

Product

Company

Legal