IWCO Direct Sells to ModusLink for US$476 Million
Dechert LLP advised IWCO Direct, a leading provider of data-driven direct marketing solutions, in connection with its sale for US$476 million in cash to ModusLink Global Solutions, Inc., a global provider of digital and physical supply chain solutions.
IWCO Direct is the largest direct mail production provider in North America, with the largest platform of continuous digital print technology and a growing direct marketing agency service. With this transaction completed, IWCO Direct becomes a wholly-owned subsidiary of ModusLink Global Solutions, essentially doubling the size of the company and adding significant earnings and free cash flow.
The Dechert team was led by corporate partner Craig Godshall and included corporate special counsel John Ix and associates Allie Misner, Jacob Greenberg, Erin O’Gurek, Heather Shimer and Ben Leese; tax partners Richard Wild, Ed Lemanowicz and associate Ken Wang; employee benefits partner Steve Skonieczny and associates Sarah Burke, Mike Binko and Andrew Braid; antitrust associate Beverly Ang; labor associate Jeff Rubin; IP special counsel Violetta Kokolus; and real estate special counsel Francois Quintard-Morenas.
Read the full press release: ModusLink Announces Acquisition of IWCO Direct for $476 Million in Cash
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