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On February 25, Multi-Color Corp. (a Cincinnati-based labeling specialist) announced that it had entered into an agreement to be acquired by Platinum Equity LLC (a California-based buyout firm). The transaction is expected to close by the third quarter of 2019 and is valued at $2.5 billion, including the assumption of $1.5 billion in debt. Firm client Diamond Castle Partners, through affiliated funds, owns approximately 12.2% of Multi-Color. The firm team involved with the transaction included Jenner & Block Partners H. Kurt von Moltke and Alexander J. May and Associate David D. Heckman.