Emily A. Higgs

Principal

Matters

Shaking hands at a merger agreement

$208 Million Acquisition of the Encapsys Microencapsulation Division of Appvion, Inc.

We represented Encapsys LLC in its $208 million acquisition of the Encapsys microencapsulation division of Appvion, Inc.  The Encapsys business had 2014 revenues of over $61 million and employs approximately 90 people at offices and research labs in Appleton, Wisconsin and at a manufacturing plant in Portage, Wisconsin. Terms of the sale included a long-term supply agreement whereby Encapsys LLC will continue to produce and sell microcapsules to Appvion for use in its carbonless paper products. The newly formed acquirer was sponsored by Sherman Capital Holdings LLC, a private investment firm based in Baltimore.
Robert M. Cattaneo, Emily A. Higgs, Christopher R. Johnson,
Shaking hands at a merger agreement

$700 Million Acquisition of Highly Engineered Industrial Products Manufacturer

We represented Cypress Performance Group in its $700 million acquisition of IPS Corporation from funds sponsored by Nautic Partners, LLC. Cypress Performance Group is affiliated with Sherman Capital Holdings, LLC, a private investment firm based in Baltimore. IPS is a global manufacturer of specialized, highly engineered industrial products serving diverse industrial, commercial, and residential end markets.  IPS will operate in conjunction with Cypress Performance Group’s portfolio company, Encapsys, LLC, a manufacturer of microencapsulation materials based in Appleton, Wisconsin.
Robert M. Cattaneo, Emily A. Higgs, Christopher R. Johnson,