M&A Deal Summary

Paper Excellence Canada Holdings and BMO Acquire Domtar

On May 11, 2021, Paper Excellence Canada Holdings and BMO acquired forest products company Domtar for 3.0B USD

Acquisition Highlights
  • This is Paper Excellence Canada Holdings’ 3rd and BMO’s 1st transaction in the Forest Products sector.
  • This is Paper Excellence Canada Holdings’ and BMO’s largest (disclosed) transaction.
  • This is Paper Excellence Canada Holdings’ 1st and BMO’s 4th transaction in the United States.
  • This is Paper Excellence Canada Holdings’ 1st and BMO’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2021-05-11
Target Domtar
Sector Forest Products
Buyer(s) Paper Excellence Canada Holdings
BMO
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) Morgan Stanley (Financial)
Debevoise & Plimpton LLP
Osler, Hoskin & Harcourt LLP (Legal)

Target

Domtar

Fort Mill, South Carolina, United States
website
Domtar is a provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp, and air-laid nonwovens. Domtar was founded in 1848 and is based in Fort Mill, South Carolina.

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Buyer(S) 2

Buyer

Paper Excellence Canada Holdings

Richmond, British Columbia, Canada

website


Category Company
Sector Forest Products
Employees2,300
DESCRIPTION

Paper Excellence Canada Holdings Corp. operates pulp and paper mills. Paper Excellence Group has grown through logical acquisitions from a single mill base to a multinational group producing 2.5 million tonnes paper and pulp with over 2,300 employees in the last few years.


DEAL STATS #
Overall 3 of 3
Sector (Forest Products) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Catalyst Paper

Richmond, British Columbia, Canada

Catalyst Paper Corp. is a producer of mechanical printing paper and a recognized leader in sustainable business practices, Catalyst Paper manufactures a broad range of high quality products ideally suited to our times.

Buy -
Buyer

BMO

Tornoto, Quebec, Canada

website


Category Company
Founded 1817
Sector Financial Services
Employees46,000
Revenue 25.7B CAD (2022)
DESCRIPTION

BMO is a diversified financial services provider. BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. BMO was founded in 1817 and is based in Montreal, Quebec.


DEAL STATS #
Overall 6 of 7
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (South Carolina) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 Clearpool Group

New York, New York, United States

Clearpool Group, Inc. is a provider of holistic electronic trading solutions and an independent agency broker-dealer operating in the U.S. and Canada. Clearpool Group was founded in 2012 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 BMO - EMEA Asset Management Business

London, United Kingdom

BMO's EMEA Asset Management Business accelerates Ameriprise’s strategy of growing its fee-based businesses and increasing the overall contribution of Wealth Management and Asset Management within its diversified business. BMO's EMEA Asset Management Business is based in London, United Kingdom.

Sell £615M