M&A Deal Summary

Atlas Holdings and Blue Wolf Capital Partners Acquire Northern Pulp

On June 24, 2008, private equity firms Atlas Holdings and Blue Wolf Capital Partners acquired forest products company Northern Pulp

Acquisition Highlights
  • This is Atlas Holdings’ 2nd and Blue Wolf Capital Partners’ 2nd transaction in the Forest Products sector.
  • This is Atlas Holdings’ 2nd and Blue Wolf Capital Partners’ 1st transaction in Canada.
  • This is Atlas Holdings’ 1st and Blue Wolf Capital Partners’ 1st transaction in Nova Scotia.
Investment Fate
  • Northern Pulp was sold to a strategic buyer in 2011.

M&A Deal Summary

Date 2008-06-24
Target Northern Pulp
Sector Forest Products
Buyer(s) Atlas Holdings
Blue Wolf Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Northern Pulp

Abercrombie, Nova Scotia, Canada
The Northern Pulp Nova Scotia mill, located at Abercrombie Point in Pictou County, Nova Scotia, manufactures northern bleached softwood kraft (NBSK) pulp with an annual production capacity of approximately 275,000 tonnes, primarily for export markets.

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Buyer(S) 2

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 6 of 40
Sector: Forest Products M&A 2 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 13
State: Nova Scotia M&A 1 of 1
Country: Canada M&A 2 of 4
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 Finch Paper

Glens Falls, New York, United States

Finch Paper is a manufacturer of uncoated printing and converting papers serving the commercial printing, publishing, and packaging markets. The Company produces text, cover, and digital papers, as well as specialty grades used in labels and other converting applications. Finch Paper was founded in 1865 and is headquartered in Glens Falls, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-24 Phoenix Services

Radnor, Pennsylvania, United States

Phoenix Services is a global provider of value-added industrial services to steel mills serving world class customers such as ArcelorMittal, Nucor Steel, and US Steel, among others. The Company has a global workforce of approximately 2,100 employees and operates in 34 locations on four continents. Phoenix Services was founded in 2006 and is based in Radnor, Pennsylvania.

Sell -
Buyer

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Wolf Capital Partners is a private equity investment firm that targets control investments in middle-market North American companies. Blue Wolf looks to commit at least $75 million of equity capital in businesses with minimum revenues of $100 million. Blue Wolf is a generalist firm with broad interest in service and applied engineering companies, capital equipment manufacturers, general manufacturing, financial services, paper products, and broadcast media. Blue Wolf will also consider distressed situation investments. The Firm does not invest in start-ups. Blue Wolf Capital Partners was formed in 2005 and is located in New York, New York.


DEAL STATS #
Overall 2 of 36
Sector: Forest Products M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 12
State: Nova Scotia M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 Finch Paper

Glens Falls, New York, United States

Finch Paper is a manufacturer of uncoated printing and converting papers serving the commercial printing, publishing, and packaging markets. The Company produces text, cover, and digital papers, as well as specialty grades used in labels and other converting applications. Finch Paper was founded in 1865 and is headquartered in Glens Falls, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-25 Healthcare Laundry Systems

Wheeling, Illinois, United States

Healthcare Laundry Systems provides laundry services to hospitals and clinics in the greater Chicago area. HLS is the largest and highest volume provider of healthcare laundry services in North America.

Buy -