Cleary Gottlieb Steers Warburg To Crossmark Acquisition

Law360, New York (December 19, 2012, 7:04 PM EST) -- Private equity firm Warburg Pincus will acquire a majority stake in consumer goods sales and marketing giant Crossmark Inc. after the companies entered a definitive merger agreement, Crossmark announced Wednesday.

Warburg Pincus will invest an undisclosed sum into Texas-based Crossmark, which will continue to lead the company and maintain a significant equity position after the deal closes,  according to a statement issued Thursday. 

A Crossmark spokesman told Law360 the terms of the deal would remain undisclosed.

Crossmark CEO John Thomson said in a statement he looked...
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