M&A Deal Summary

Atlas Holdings, Blue Wolf Capital Partners and GarMark Partners Acquire Finch Paper

On April 24, 2007, private equity firm Atlas Holdings, private equity firm Blue Wolf Capital Partners and mezzanine finance firm GarMark Partners acquired forest products company Finch Paper

Acquisition Highlights
  • This is Atlas Holdings’ 1st, Blue Wolf Capital Partners’ 1st and GarMark Partners’ 1st transaction in the Forest Products sector.
  • This is Atlas Holdings’ 4th, Blue Wolf Capital Partners’ 1st and GarMark Partners’ 8th transaction in the United States.
  • This is Atlas Holdings’ 1st, Blue Wolf Capital Partners’ 1st and GarMark Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2007-04-24
Target Finch Paper
Sector Forest Products
Buyer(s) Atlas Holdings
Blue Wolf Capital Partners
GarMark Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Finch Paper

Glens Falls, New York, United States
Finch Paper specializes in high-bright, uncoated papers for the North American printing markets, manufacturing 250,000 tons annually from its integrated pulp and paper mill. Finch Paper was formed in 1865 and is based in Glens Falls, New York.

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Buyer(S) 3

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 5 of 35
Sector (Forest Products) 1 of 8
Type (Buyout (LBO, MBO, MBI)) 4 of 11
State (New York) 1 of 2
Country (United States) 4 of 29
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-07 Capital Equipment Resources

Fairburn, Georgia, United States

Capital Equipment Resources LLC (dba Pangborn Group) is a designer, manufacturer and services shot blast and surface preparation machines and related products for a range of industries, including foundry and forge, metalworking and descaling, automotive and heavy truck, ship and rail, defense, and energy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-24 Northern Pulp Nova Scotia

Abercrombie, Nova Scotia, Canada

The Northern Pulp Nova Scotia Pulp mill is located in Abercrombie Point, Pictou County, Nova Scotia and produces 275,000 tonnes per year of northern bleached softwood kraft (NBSK) pulp, primarily for export.

Buy -
Buyer

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.5B 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 $25 million of equity capital in businesses with minimum revenues of $50 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 1 of 34
Sector (Forest Products) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 1 of 12
State (New York) 1 of 4
Country (United States) 1 of 31
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-24 Northern Pulp Nova Scotia

Abercrombie, Nova Scotia, Canada

The Northern Pulp Nova Scotia Pulp mill is located in Abercrombie Point, Pictou County, Nova Scotia and produces 275,000 tonnes per year of northern bleached softwood kraft (NBSK) pulp, primarily for export.

Buy -
Buyer

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 10 of 34
Sector (Forest Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 10
State (New York) 1 of 1
Country (United States) 8 of 32
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-11 ATI Systems International

Pasadena, California, United States

ATI Systems International, Inc. is a leading U.S. provider of cash logistics services and time-sensitive air delivery services. Since its founding in 1941, ATI has grown from a local service provider into the nation's third largest armored transportation company offering an array of complementary cash logistics services and products to financial institutions, package delivery couriers and cash-intensive retailers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Pure Fishing

Columbia, South Carolina, United States

Pure Fishing is a manufacturer and marketer of fishing tackle and accessories that sells products in 18 countries under the Berkley, Trilene, Abu Garcia, Mitchell, Fenwick, Spider, Johnson and Red Wolf brands. Pure Fishing, Inc. was founded in 1937 and is based in Columbia, South Carolina.

Sell $300M