Overview
International law firm McDermott Will & Emery represented Gemspring Capital Management, LLC, a Connecticut-based private equity firm (“Gemspring Capital”), on its platform acquisition of Bradford Soap International, Inc., a leading developer, formulator and manufacturer of beauty & personal care products.
McDermott also advised on the structuring, negotiation and documentation of (i) a Term Loan Credit Agreement with Capital Dynamics US, Inc. as Administrative Agent and (ii) an Asset Based Revolving Loan with Bank of America, N.A. as Administrative Agent. Loan proceeds were used to finance the acquisition and for working capital purposes.
For more than 140 years, Bradford has helped companies build great brands by creating innovative personal care products and offering a range of turnkey solutions from formulation to manufacturing, labeling, and packaging. It is the world’s leading manufacturer of specialty bar soap, cleansing poufs, and anhydrous products, including moisturizers, cleansers, shave sticks, and more. Headquartered in Rhode Island, Bradford also has facilities in Indiana and California.
Gemspring Capital is a middle market private equity firm with $3.4 billion of capital under management focused on companies generating up to $500 million in revenue in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors.
The McDermott team was led by partners Harris Siskind (Miami), Frank Steinherr (New York) Lindsey Reighard (Dallas) and associates Nathaniel Wolfe (New York), Adam Perlman (New York) and Michael Kim (New York). Partners Alejandro Ruiz (San Francisco), Michelle Strowhiro (Orange County), Marjorie Soto Garcia (Orange County), Jennifer Mikulina (Chicago), Scott Weinstein (Washington DC), Elias Eliopoulos (New York) and Daphne Trotter (Washington DC); counsel Anisa Mohanty (Washington DC) and Patrick Ryan (Chicago); associates Kwabena Yeboah (Washington DC), Olivia Kaufman (New York), Cristell Fortune (New York), Jennifer Hill (Atlanta), Eleanor Atkins (Washington DC), Thomas DaMario (Chicago), Stephanie Stein (New York) and Philip Fitzpatrick (New York) also advised.
McDermott’s finance team included partners Samantha Koplik (New York) and Michael Rostov (Los Angeles), with associates Matthew Celentano (New York) Brian Ingram (Chicago) and Sam Scaletta (Chicago), and paralegal assistance from Robin Riley (New York).
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
