Intertape Polymer Group Acquired by Clearlake Capital in $2.6 Billion Deal

Paul, Weiss advised Intertape Polymer Group Inc. in its all-cash $2.6 billion buyout by Clearlake Capital Group, L.P. Montreal-based IPG is a leading maker of tapes, films, protective packaging, woven and non-woven products and packaging machinery. Under the terms of the agreement, Clearlake acquired the outstanding shares of IPG common stock for CDN$40.50 per share. As a result of the transaction, which was executed via a court-approved plan of arrangement, IPG is now a privately held company.

The Paul, Weiss team included, among others, corporate partners Adam Givertz, Ian Hazlett, Scott Barshay and Steven Williams and counsel Christopher Dickson; executive compensation partner Lawrence Witdorchic; tax partner Scott Sontag and counsel Kevin Colan; intellectual property partner Jonathan Ashtor; litigation counsel Jacobus Schutte; antitrust counsel Marta Kelly and Jared Nagley; and environmental counsel William O’Brien.