Slaughter and May is advising a consortium of investors on the acquisition of International Trimmings and Labels Plc02 Jan 2018
Slaughter and May is advising a consortium of investors led by Draper Gain Investments Limited on the acquisition of privately owned International Trimmings and Labels Plc, a leading designer, manufacturer and distributor of apparel labelling and identification products and supply chain management solutions with operations in the United Kingdom, Canada, China, India, Sri Lanka, Turkey, Bangladesh, Vietnam, Mexico, North America and South Africa. The transaction, effective as of 31 December 2017, values ITL at $187m on a debt-free, cash-free basis.
The firm also advising on the financing of the acquisition, with facilities provided by FirstRand Bank Limited (acting through its Rand Merchant Bank division).
Corporate: Murray Cox (partner); Di Yu (associate); Eleanor Stubbs (associate)
Financing: Caroline Phillips (partner); Jansy Man (associate); Sabelo Goma (visiting lawyer)
Tax: Gareth Miles (partner); Jamshed Bilimoria (associate)
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