Lincoln International has completed a refinancing for Finch Paper, a paper manufacturer and a portfolio company of Atlas Holdings and Blue Wolf Capital Partners. Proceeds from the transaction were used to refinance the company’s existing debt, resulting in a meaningful reduction in the company’s cost of capital.
Finch is a fully integrated manufacturer and supplier of uncoated printing paper and other specialty paper products used for advertising materials, book publishing and business office uses. The company was founded in 1865 and is headquartered in Glens Falls, NY (www.finchpaper.com).
Lincoln International acted as the exclusive financial advisor to the Finch, Atlas and Blue Wolf and helped structure and negotiate a financing package which included a $35.0 million senior secured revolving credit facility, a $16.5 million senior secured term loan and an $8.0 million capital expenditure line. The financing was provided by PNC Business Credit and Cole Taylor Business Capital.
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. Lincoln International is based in Chicago (www.lincolninternational.com).
Atlas Holdings specializes in the purchase of middle-market companies via carve-outs and corporate divestitures. Sectors of interest include food and agriculture, wood products and building materials, pulp and paper manufacturing, packaging, capital equipment, and industrial and business services. Atlas Holdings was founded in 2002 and is based in Greenwich, CT (www.atlasholdingsllc.com).
Blue Wolf invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. The firm’s investment criteria are minimum revenues of $25 million; minimum transaction size of $20 million; and a minimum investment size of $10 million. Blue Wolf focuses its efforts on companies based in and doing the bulk of their business in the United States and Canada. The firm is headquartered in New York, NY (www.blue-wolf.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-4-13