London — Mayer Brown has advised IG Design Group plc, the world's largest consumer gift packaging business, on an accelerated bookbuild placing to raise proceeds of £120 million to acquire 100 percent of the equity interest in CSS Industries, Inc., a US-based designer and manufacturer of craft, seasonal and gift products.

The proceeds of the placing will fund the cash consideration for the acquisition and other related transaction expenses. 

The Mayer Brown team was led by Corporate & Securities partners Rob Hamill and Rebecca Bothamley and included: Corporate & Securities — senior associate Harriet Hainsworth and associate Zayn Khan.