Sanabe & Associates, LLC
Transactions
Sanabe has completed the following transactions, in
addition to a number of advisory projects:
Transaction
Sale of Niagara, WI hydroelectric assets

Raised $40 million in growth capital for Port Alice, BC  
dissolving pulp mill
Sale of Finch, Pruyn & Co. assets, including 260,000 ton
premium paper mill and 161,000 acres of timberland

Sale of Leavenworth, WA sawmill and associated log
supply agreements to Hampton Affiliates
Sale of Vancouver, BC coated paper mill
Sale of Manistique (MI) Papers, Inc uncoated
groundwood specialties mill to Remark Paper
Sale of Otsego, MI paperboard mill to USG

Acquisition of Valentine Paper
Sale of specialty paper mill to James Azzar/Bomarko

Acquisition of Crown Pacific sawmills

Sale of specialty paper mill to Meriturn Partners
Date
2009

2007




2006






2005


2004

2003
Client
NewPage Corporation

Neucel Specialty
Cellulose
Finch, Pruyn & Co.,
Inc.

Longview Fibre

Domtar, Inc.
Kruger, Inc.

Menasha Packaging

Meriturn Partners
Badger Paper Mills

Interfor

Curtis Papers
Jonathan Mishkin, Sanabe’s Managing Partner,
managed the following transactions prior to forming
Sanabe:
STRATEGIC TRANSACTIONS
Client                                             Transaction
St. Laurent Paperboard                 Sale to Smurfit-Stone Container                                
Repap Enterprises                         Sale to UPM-Kymmene                                              
Bowater                                        Sale of Great Northern Paper                                        
National Envelope                        Acquisition of Williamhouse Envelope                      
Gilman Paper                                Sale to Corporacion Durango                                       
Unisource Worldwide                   Sale to Georgia-Pacific                                                  
Smurfit-Stone Container               Sale of timberlands to Rayonier                                    
DLJ Merch. Banking Part.             Investment in Mid-American Tissue                           
Sappi Ltd.                                     Sale of timberlands to Plum Creek Timber                    
Sappi Ltd.                                     Sale of Pressure Sensitive Bus. to Spinnaker Ind.          
Cellu Tissue                                   Sale to Charterhouse Group                                            
Crown Paper                                 Financial advisory services                                         
St. Laurent Paperboard                 Acquisition of West Point, VA paper mill                    
Bowater                                        Sale of Star Forms to CST Office Products                 
Noranda Forest                             Acq. of Crosse Pointe Papers from Pentair                   
Sappi / DLJ Merch. Bank. Part.    Acquisition of S.D. Warren             
                             
Size
$1.6 billion
$1.0 billion
$450 million
$130 million
$120 million
$1.5 billion
$710 million
$20 million
$180 million
$50 million
N/A    
$200 million
$500 million
$80 million
$205 million
$1.6 billion

Size
$165 million
$100 million
$450 million
$305 million
$275 million
$200 million
$125 million
$450 million
FINANCING TRANSACTIONS
Client                                             Transaction                                                                        
American Tissue                            Sole managed Senior Secured Notes                
Repap Enterprises                         Sole managed Senior Secured Notes                  
Gaylord Container                        Co-lead managed Sr.and Sr. Sub. Notes         
St. Laurent Paperboard                 Secured debt acquisition financing                                
Stone Container                            Lead managed Senior Sub. Debentures             
Donohue Forest Products             Lead managed Senior Note                            
Stone Container                            Lead managed Senior Note                                
Sappi Ltd. (S.D. Warren)             Acquisition financing (Notes and Pref. Stock)