Lazard Middle Market Represented York
Label
in its Sale to Diamond Castle Holdings
TRANSACTION
DESCRIPTION
Lazard Middle Market represented LabelCorp Holdings,
Inc. (“York Label”), a portfolio company of
Wind Point Partners, in its sale to Diamond Castle Holdings,
LLC (“Diamond Castle”).
TRANSACTION HIGHLIGHTS
York Label has steadily
become a leading force in the prime label market throughout North and
South America. The Company is a leading provider of high quality,
innovative labeling and packaging solutions to global consumer products,
wine and spirits, pharmaceutical, and food and beverage companies.
Headquartered in Omaha, Nebraska, YORK Label has 14 world-class production
facilities and 15 sales and technical offices throughout the
Americas.
Rich Egan, CEO of York Label stated, “We are very
excited about our new partnership with Diamond Castle. This new
partnership will allow York Label to continue to grow through investment
in new technologies and strategic acquisitions to best serve the needs of
our customers and core markets.”
Dave Hallett,
a Managing Director with Lazard Middle Market, stated, “York Label is an
extremely well-run company. By focusing on being a leading label
provider for its core markets, the company has consistently generated high
margins and significant cash flow from a diverse, stable, and recurring
revenue base.”
John Waldock, a Vice President with Lazard Middle
Market, added, “We believe that Diamond Castle is an ideal partner to
support York’s organic and acquisitive growth
objectives.”
THE
COMPANY
Omaha, Nebraska-based York Label (www.yorklabel.com) is a leading
provider of high quality, innovative labeling and packaging solutions to
global consumer products, wine and spirits, pharmaceutical and food and
beverage companies. With over 800 associates, York Label has 14
world-class production facilities and 15 sales and technical offices
throughout the Americas.
THE SELLER
Wind Point Partners (www.windpointpartners.com) is
a private equity investment firm with approximately $2 billion in capital under
management. Wind Point focuses on partnering with top caliber executives to acquire
under-managed middle market businesses where it can establish a path to value
creation.
THE BUYER
Diamond Castle Holdings, LLC
(www.dchold.com) is
a private equity firm with over $1.85 billion of committed
capital under management. Founded in 2004, Diamond Castle specializes
in leveraged buyouts, growth capital and equity-like investments in
both public and private companies. Diamond Castle targets investments in the following
industry sectors: media and communications, energy and
power, financial services, healthcare and diversified industries. Diamond Castle has 25
employees located in New York, New York.
ABOUT LAZARD MIDDLE MARKET
Lazard Middle Market
(www.lazardmm.com), a subsidiary of Lazard
(NYSE:LAZ), provides advice on mergers and acquisitions, restructuring,
and financings to the middle market. Formed in 2007 with Lazard's
acquisition of Goldsmith Agio Helms, Lazard Middle Market has
approximately 100 professionals in Minneapolis, New York, Chicago,
Los Angeles, and Charlotte.
