# Clearlake Capital to acquire Intertape Polymer Group for $2.6B

Clearlake Capital Group agreed on March 8, 2022 to acquire Intertape Polymer Group in an all-cash deal at CDN$40.50 per share, valued at about US$2.6 billion including net debt. IPG will become privately held after completion.

- Type: Acquisition
- Announced: 2022-03-01
- Where: Montreal, Quebec, Canada
- Value: $2.60B
- Status: announced
- Products: protective packaging, e-commerce packaging, tapes
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Intertape Polymer Group](https://endata.com/companies/3611.md) (target)
- [Clearlake Capital](https://endata.com/companies/5452.md) (acquirer)

## Sources

- [clearlake.com](https://clearlake.com/news/intertape-polymer-group-inc-ipg-enters-into-arrangement-agreement-to-be-acquired-by-clearlake-capital-group-lp-in-a-26-billion-transaction/), 2022-03-08: "Clearlake will acquire the outstanding shares of IPG for CDN$40.50 per share in an all-cash transaction valued at approximately US$2.6 billion, including net debt."
- [privateequityinternational.com](https://www.privateequityinternational.com/why-clearlake-and-other-pe-firms-are-investing-in-packaging-providers/), 2022-03-23: "Clearlake is acquiring Intertape Polymer Group, a Montreal packaging company, for $2.6bn in a take-private deal announced earlier this month."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.