New York-based Harvest Partners, Inc., and Frankfurt-based Deutsche Beteiligungs AG (DBAG), acquired Casco Impregnated Papers from Netherlands-based Akzo Nobel, partially using proceeds of a syndicated loan originated by Landesbank Baden-Württemberg. The deal closed on July 2, 2003, and its value is $185 million. The syndicated loan included a secured term loan to the Canadian acquisition entity for the acquisition of Casco Impregnated Papers Inc. in Canada.
The purchasers were represented in Canada by WeirFoulds LLP, with a team that included David Brown and Binh Vu (corporate), Ryan Filson (corporate, banking, competition), Steve Rukavina (banking and real property), Maralynne Monteith (tax), John Buhlman (environmental), John Campbell (employment) and Paul Klasios (banking and real property); and in the U.S. by White & Case LLP, with a team that included Oliver Brahmst, Darren Novak and Donald Carr in New York, Andreas Meyer-Landrut and Ilmo Pathe in Duesseldorf and Annica Lindegren, Sybille Niessen and Anne Force in Frankfurt.
Akzo Nobel was represented in Canada by Fraser Milner Casgrain LLP, with a team that included Christopher Turney and Matthew Hibbert (corporate), Peter Shiroky (tax), Tracey Patel (competition) and Mary Picard (pension and benefits); and in Europe by Gerard Kneppers of De Brauw Blackstone Westbroek.
Landesbank Baden-Württemberg was represented in Canada by Osler, Hoskin & Harcourt LLP, with a team that included Victoria Graham, Richard Pratt, Lisa Shostack and Mark Trachuk; and in Germany by Gleiss Lutz, with a team that included Dr. Andreas Wölfle and Ian Tokley (seconded from Herbert Smith).