American Industrial Partners’ $920 Million Acquisition Of Domtar Corporation’s Personal Care

Baker Botts LLP, Vinge and Gleiss Lutz advised American Industrial Partners on the deal, while Debevoise & Plimpton LLP advised Domtar Corporation.

American Industrial Partners (AIP) has entered into a definitive agreement to acquire Domtar Corporation’s Personal Care business for $920 million.

American Industrial Partners is an operationally oriented private equity firm that is distinctively focused on buying and improving industrial businesses with operations in the United States and Canada. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989.

Domtar is a leading provider of a wide variety of fibre-based products including communication, speciality and packaging papers, market pulp and absorbent hygiene products. With its workforce of roughly 8,800 employees in more than 50 countries worldwide, Domtar most recently generated an annual turnover of around USD 5.2 billion. The common shares of the company are traded on the stock markets of New York and Toronto. Domtar’s headquarters are located in Fort Mill, South Carolina, U.S.

AIP is an operationally-oriented middle market private equity firm that is distinctively focused on buying and improving industrial businesses with operations in the United States or Canada. The AIP team has deep roots in the industrial economy and has been active in private equity investing since 1989. AIP has completed over 100 platform and add-on acquisitions and invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with revenues of USD 300 million to over USD 1 billion.

The Baker Botts Antitrust team, which provided counsel for AIP on this transaction, was led by partner Paul Cuomo (Picture), and included Catriona Hatton, Michael Bodosky, Adam Dawson and Sofia Doudountsaki. The firm represented AIP in a number of transactions last year.

The Gleiss Lutz team was led by Dr. Jan Balssen, Dr. Christian Cascante and Dr. Michael Ilter and included Andrej Popp, Dr. Simon Wagner,  Dr. Marco König, Dr. Jürgen Junge, Dr. Enno Burk, Dr. Christina Fröb, Dr. Doris-Maria Schuster, Dr. Hauke Darius Wolf, Dr. Jacob von Andreae, Aylin Hoffs, Dr. Alexander Molle, Dr. Felix Müller and Dr. Felix Müller.

The Vinge team consisted of Christina Kokko, Ulrich Ziche, Vilhelm Rondahl, Olivia Belding, Lova Unge, Karin Gynnerstedt, Karolina Fuhrman, Lina Österberg, Frida Ställborn and Nathalie Hughes.

The Debevoise team for Domtar was led by M&A partners Paul Bird and William Regner and includes counsel Molly Stockley and associates Katherine Durnan, James Malmo, Ethan McMahon and Chibundu Okwuosa and law clerk Joshua DeBarba, finance partner Jeffrey Ross, counsel Katarina Molnarova and associate Jonathon Yeung, benefits partner Jonathan Lewis and associates David Deutsch, Sandy De Sousa and Simone Hicks, tax partner Gary Friedman and associate Cameron Rotblat, intellectual property partner Henry Lebowitz and associate Jason LeBlanc, antitrust partner Ted Hassi, counsel Kyra Bromley and associate Leah Martin and environmental counsel Stuart Hammer.

Involved fees earner: Michael Bodosky – Baker Botts; Paul Cuomo – Baker Botts; Adam Dawson – Baker Botts; Sofia Doudountsaki – Baker Botts; Catriona Hatton – Baker Botts; Paul Bird – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Sandy De Sousa – Debevoise & Plimpton; David Deutsch – Debevoise & Plimpton; Katherine Durnan – Debevoise & Plimpton; Gary Friedman – Debevoise & Plimpton; Stuart Hammer – Debevoise & Plimpton; Ted Hassi – Debevoise & Plimpton; Simone Hicks – Debevoise & Plimpton; Jason Alexander LeBlanc – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Ethan Lee McMahon – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; James Malmo – Debevoise & Plimpton; Leah Martin – Debevoise & Plimpton; Katarina Molnarova – Debevoise & Plimpton; Chibundu Okwuosa – Debevoise & Plimpton; William Regner – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Cameron Rotblat – Debevoise & Plimpton; Molly Stockley – Debevoise & Plimpton; Jonathon Yeung – Debevoise & Plimpton; Jan Balssen – Gleiss Lutz; Enno Burk – Gleiss Lutz; Christian Cascante – Gleiss Lutz; Christina Fröb – Gleiss Lutz; Aylin Hoffs – Gleiss Lutz; Michael Ilter – Gleiss Lutz; Oliver Junge – Gleiss Lutz; Marco König – Gleiss Lutz; Alexander Molle – Gleiss Lutz; Felix Müller – Gleiss Lutz; Michael Neher – Gleiss Lutz; Andrej Popp – Gleiss Lutz; Doris-Maria Schuster – Gleiss Lutz; Jacob von Andreae – Gleiss Lutz; Simon Wagner – Gleiss Lutz; Hauke Darius Wolf – Gleiss Lutz; Olivia Belding – Vinge; Karolina Fuhrman – Vinge; Karin Gynnerstedt – Vinge; Nathalie Hughes – Vinge; Christina Kokko – Vinge; Lina Österberg – Vinge; Vilhelm Rondahl – Vinge; Frida Ställborn – Vinge; Lova Unge – Vinge; Ulrich Ziche – Vinge;

Law Firms: Baker Botts; Debevoise & Plimpton; Gleiss Lutz; Vinge;

Clients: American Industrial Partners; Domtar Corporation;

Author: Ambrogio Visconti