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02/2019

MULTI-COLOR CORPORATION (MCC) acquired by PLATINUM EQUITY

UNITED STATES Chemicals & Materials / Packaging & Containers / Labels & Adhesives EV 1b - 4b USD

Context

Platinum Equity has entered into a definitive agreement to acquire Multi-Color Corporation in a transaction valued at an enterprise value of $2.5 billion. This acquisition serves as a massive transformative add-on for Platinum's existing portfolio company, WS Packaging Group. The merger combines MCC's global footprint and leadership in premium label segments (Wine & Spirits, Healthcare) with WS Packaging's extensive domestic manufacturing network and pressure-sensitive capabilities. The deal will take MCC private, delisting it from the NASDAQ, and is financed through equity from Platinum Capital Partners IV LP and debt financing from Bank of America Merrill Lynch and Deutsche Bank.

Previously, the company had pursued a consolidation strategy by acquiring Barat (2015) and Constantia Flexibles - Labels Division (2017).

MULTI-COLOR CORPORATION (MCC), which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Multi-Color Corporation (MCC) is a premier global provider of label solutions, historically focused on the Wine & Spirits and Home & Personal Care markets. Established in 1916, MCC offers a comprehensive range of packaging technologies, including pressure-sensitive, in-mold, shrink sleeve, and heat transfer labels. The company serves brand owners worldwide through a vast network of production sites, aiming to deliver premium packaging that enhances brand value and consumer appeal.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
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2018
2017

Other operations with MULTI-COLOR CORPORATION (MCC)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2017MULTI-COLOR CORPORATION (MCC)CONSTANTIA FLEXIBLES - LABELS DIVISIONAUSTRIALabels & Adhesives
05/2015MULTI-COLOR CORPORATION (MCC)BARATFRANCELabels & Adhesives

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 1b - 3b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MULTI-COLOR CORPORATION (MCC) by PLATINUM EQUITY are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: multi-color corporation (mcc)

Acquirer: platinum equity