The Firm is advising KKR portfolio company Visant Corporation (“Visant”) in connection with the proposed sale of its wholly owned subsidiary, Phoenix Color Corp. (“Phoenix Color”), to ALJ Regional Holdings, Inc. for $90 million in cash, subject to certain closing adjustments.
Phoenix Color is a premier full-service, full-color printer with over 30 years of superior print experience. Drawing on a broad spectrum of materials and decorative technologies, Phoenix Color produces memorable, value-added components, heavily illustrated books and specialty commercial products.
The Simpson Thacher team included Marni Lerner and Kalliope Kefallinos (M&A); Sophie Staples and Jacqueline Barbera (Tax); David Rubinsky and Jeannine McSweeney (ECEB); Risë Norman (Capital Markets); and James Doyle and Eric Schulman (Credit). Summer Associates Madeline Sprung-Keyser and Christopher Scavone also provided valuable assistance.