Eversheds has advised European private equity investor Equistone and the management sellers on the $252m (£126m) sale of Worldmark to Canadian-based CCL Industries.

Equistone is one of Europe’s leading lower mid-market private equity investors and held a majority equity stake in Worldmark alongside the management team since 2007.

Based in East Kilbride, Scotland, Worldmark is a global supplier of high performance labels, overlays and related products to the consumer electronics industry. The business operates in twelve countries with 1,900 employees. CCL Industries, a Toronto-based specialised label and packaging firm, designs and produces branding and security labels used on electronic devices such as laptops and smart phones.

The deal was led by private equity partner James Trevis with corporate partner Antony Walsh supported by associates Dan Shilvock and Tom Jackson.

James Trevis commented: 

“Equistone is a longstanding client of the firm and it is a pleasure to have advised them on the sale of Worldmark having previously advised them on the original acquisition. We wish them continued success and look forward to working with Equistone on future mandates.”

Paul Harper, partner at Equistone commented:

“We are proud to have supported Worldmark over a number of years and to have exited to CCL, who provide a great long term home for the business.  We are grateful for the legal support and advice provided by Eversheds throughout this complex global transaction.”