Mesirow Financial Leads Sale of IGI to Wingate
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Mesirow Financial Leads Sale of IGI to Wingate

Mesirow Financial was the exclusive financial advisor to IGI Corp. in its recent sale to Nekoosa Coated Products, a portfolio company of Wingate Partners. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 90 transactions in recent years.

“Mesirow Financial was instrumental in identifying a strong group of prospective strategic and financial buyers and conducting an effective transaction process. Our customers and employees will both benefit as Nekoosa, Wingate and IGI join forces and continue to deliver innovative products and programs to the company’s valued global channel partners. Mesirow Financial’s advice throughout the process resulted in a successful outcome for all parties involved,” said Bud Philbrook, president and CEO of IGI.

Wingate Partners acquired Nekoosa Coated Products, a manufacturer of specialty paper products, from Dunsirn Partners and PS Capital Partners in October 2012. The acquisition of IGI Corp by Nekoosa is the company’s first add-on acquisition since being acquired by Wingate.

IGI is the parent company of RTape Corp. and CET Films Corp. RTape is a manufacturer of application tapes and specialty pressure sensitive materials for the sign, screen print and digital printing markets. The company is based in South Plainfield, NJ (hwww.rtape.com). CET Films manufactures custom cast-extruded films for a range of niche graphic arts and ancillary markets. The company is headquartered in Lakewood, NJ (www.cetfilms.com).

“We were honored to represent the shareholders of IGI in this process. Based on the strong financial performance that Bud Philbrook and his management team delivered at IGI, Mesirow Financial was able to create a highly competitive process that provided an attractive valuation for the shareholders and a strong, long-term partner for the company,” said Rocky Pontikes, managing director of Mesirow Financial.

Mesirow Financial’s Investment Banking group focuses exclusively on middle-market transactions and serves middle-market companies and large corporations, both public and private, in merger and acquisition advisory, capital markets advisory, restructuring and special situations, fairness and solvency opinion, board of directors advisory and special committee representation. Overall, Mesirow Financial is a diversified financial services firm with particular expertise in investment management, global markets, insurance services and consulting. Founded in 1937, Mesirow is an independent, employee-owned firm with more than 1,200 employees in offices across the US and in London, UK. The firm is headquartered in Chicago (www.mesirowfinancial.com).

“Mesirow Financial’s strong experience and relationships within the specialty paper and plastics sector allowed us to pair IGI with an established and knowledgeable strategic partner that is committed to furthering the company’s long-term growth objectives. IGI is representative of the type of transaction and M&A process that has made our firm a leading investment bank within the middle-market paper, plastics and packaging sector,” said Louis Mitchell, managing director of Mesirow Financial.

© 2013 PEPD • Private Equity’s Leading News Magazine • 5-3-13

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