On March 8, 2022, Intertape Polymer Group Inc., a recognized leader in the development, manufacture and sale of a variety of products, notably paper, film, tapes and packaging, announced that it had entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group L.P., a US-based private equity.
Clearlake will acquire the outstanding shares of Intertape Polymer Group for C$40.50 per share in an all-cash transaction valued at approximately US$2.6 billion, including net debt. Upon completion of the transaction, Intertape Polymer Group will become a privately held company.
A Fasken team composed of Neil Kravitz, Constantinos Ragas, Marie-Christine Valois, Laura Fabi (M&A), Claude Jodoin (Tax), Antonio DiDomenico (Regulatory, Competition and Investment Canada) and Brandon Farber (plan of arrangement matters) advised Intertape Polymer Group Inc. in connection with the transaction.
Jurisdiction
- Québec
