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Advent International to Acquire Majority Stake in Label Maker Fort Dearborn
Friday 12 August 2016

12 August 2016 - Massachusetts-based private equity investment company Advent International has agreed to acquire a majority ownership interest in Illinois-based high-impact prime labels provider Fort Dearborn Company (FDC) from Colorado-based private equity firm KRG Capital Partners, the company said.
Financial terms were not disclosed.
The acquisition is subject to customary closing conditions and is expected to be completed in 3Q16.
Fort Dearborn's management team will retain a minority stake in the company and continue to lead the business following the completion of the transaction.
Founded in 1925, Fort Dearborn serves consumer packaged goods customers in the food, beverage, spirits, paint and coatings, household products, personal care and private label/retail markets.
Headquartered in Elk Grove, Illinois, the company employs approximately 1,675 associates across 15 manufacturing facilities in the US and Canada.
Founded in 1984, Advent International has invested in more than 300 private equity transactions in 40 countries and as of 31 March, 2016, had USD 42bn in assets under management.
Founded in 1996, KRG has USD 4.4bn of cumulative capital either deployed or available for future investment, which includes approximately USD 1.2bn deployed since inception by institutional equity co-investors.
UBS Investment Bank is serving as financial advisor and Hogan Lovells is serving as legal advisor to Fort Dearborn on the transaction. Citigroup is serving as financial advisor and Kirkland and Ellis is serving as legal advisor to Advent.
Details
Date Published: 12/08/2016
Target: Fort Dearborn Company
Country: USA
Sector: Paper/Packaging/Office Supplies
Type: LBO
Financing:
Status: Agreed
Vendor: KRG Capital Partners
Buyer: Advent International
Buyer Advisor: Citigroup , Kirkland and Ellis
Comment:
Terms of the deal were not disclosed

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