Quad/Graphics, Inc. completed the acquisition of Periscope from Bill Simpson and family.
January 02, 2019
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Quad/Graphics, Inc. (NYSE:QUAD) agreed to acquire Periscope from Bill Simpson and family for approximately $130 million on November 27, 2018. The consideration was paid in cash. The transaction has been financed from the Quad/Graphic's consolidated debt and finance leases. The deal will not affect Periscope's position in Minneapolis. Elizabeth Ross, President and Chief Executive Officer of Periscope will join Quad/Graphics along with her team of highly experienced visionary leaders. Elizabeth Ross will lead a 1,700-person marketing team for Quad/Graphics. Periscope's 500 employees will be folded into that team. The transaction has been approved by both companies’ Boards of Directors and is expected to close in early January 2019. John Prunier, Matthew Kratter, and Christopher Heasman of Petsky Prunier LLC acted as financial advisor to Periscope. Sumit Sinha, Raja Kishore and Kaushal Prabhat of DMD Advocates acted as legal advisor for Periscope, Inc. Moss & Barnett PA and Guantao & Chow acted as legal advisor for Periscope, Inc. Rabindra Jhunjhunwala, Ritu Shaktawat, Stuti Galiya, Avantika Govil, Sneh Shah and Yamini Kumar of Khaitan & Co. acted as legal advisor for Quad/Graphics, Inc. Reinhart Boerner Van Deuren s.c., Eversheds Sutherland US LLP and MOLITOR Avocats à la Cour SARL acted as legal advisor for Quad/Graphics, Inc. Canaccord Genuity LLC served as financial advisor to Bill Simpson and family.
Quad/Graphics, Inc. (NYSE:QUAD) completed the acquisition of Periscope from Bill Simpson and family on January 3, 2019. At closing the consideration includes a net preliminary purchase price of $121 million, excluding acquired cash.
Quad/Graphics, Inc. is a marketing experience company. The Company's segments include the United States Print and Related Services and International. The United States Print and Related Services segment consists of its United States printing operations and is managed as one integrated platform. This includes print execution and logistics for retail inserts, catalogs, long-run publications, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products, along with global paper procurement, and marketing and other complementary services, such as data intelligence and analytics, technology solutions, media planning, placement and optimization, creative strategy and content creation. The International segment consists of its printing operations in Europe and Latin America, including operations in England, France, Germany, Poland, Colombia, Mexico and Peru.
QUAD/GRAPHICS, INC. 
