NEW YORK and LONDON, March 14, 2024 – Leading international law firm Proskauer today announced that it is advising OpSec Security ("OpSec"), a global leader in brand protection and authentication solutions and a portfolio company of Investcorp Technology Partners ("Investcorp"), in connection with the sale of OpSec to Crane NXT, Co. (NYSE:CXT). The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions. The agreement does not include the acquisition of Zacco, currently part of OpSec, which will remain with Investcorp.
Headquartered in Lancaster, Pennsylvania, OpSec is a global leader in protecting, authenticating and enhancing its customers' brands, services and revenues. OpSec delivers a comprehensive suite of end-to-end solutions, including advanced physical security technologies, supply chain track and trace services, and online/e-commerce monitoring and analysis.
The cross-border Proskauer team is being led by partners Steven Davis, Kunal Dogra and Michael Ellis and includes associates Matt Clift, Alexander Smith, Nabeel Vania, Tiffany Mallakis and Katie Bunce (M&A); partners Stephen Pevsner and Martin Hamilton and associate Yomarie Habenicht (Tax); partner David Teigman, senior counsel Nicholas LaSpina and special counsel Nicola Bartholomew (Executive Benefits and Compensation); partner Oliver Howley (Intellectual Property);partner Barry Newman (Finance); and partners Mary Wilks and John Ingrassia (Antitrust/Competition).