On March 20, 2018, Blue Point Capital Partners, a private equity firm managing over $1.5 billion in committed capital that focusses on investing in and growing lower middle-market companies, completed the acquisition of Spector & Co. The transaction was announced on April 4, 2018. Spector & Co. is a leading industry supplier of writing instruments, journals and other business gifts to the North American promotional products industry. Spector & Co.’s strong company culture and their ties to their customers and suppliers are expected to align directly with Blue Point’s toolkit and vision.
Blue Point was represented by Stikeman Elliott LLP with a team that included Mario Nigro, Kim Le, Julien Lefebvre (M&A), Frank Mathieu, Adam Drori (tax), Howard Rosenoff, Léa Bénitah-Bouchard (financing), Natasha vandenHoven and Allyson Marta (benefits). Debt financing was provided by TD Bank, while CIBC acted as the financial advisor to Spector & Co. in connection with the transaction.
Spector & Co. was represented by Karambatsos Lawyers with a team that included Chris Karambatsos, Diana Lyrintzis, Aviad Grunbaum and Claudia DeMinico.