Transactions

2011 (Pending)New Page
Sale of Consolidated Water Power Company hydroelectric and
utility assets$79 million
2011Sappi
Sale of the Muskegon, MI paper mill to Melching, Inc.
2011New Page
Sale of the Kimberly, WI paper mill to AIM Demolition USA LLC
2011New Page
Sale of the Niagara, WI paper mill to Niagara Development LLC  
2010Catalyst
Financial advisor
2010Smurfit-Stone

Advisor to ad-hoc group of preferred equity Holders of Smurfit-Stone Container Corporation in the confirmation of the Ch. 11 Plan of Reorganization

$4.5 billion of restructured liabilities
2010Synergics

Sale of Maine hydroelectric assets

2010New Page

Sale of Kimberly, WI hydroelectric assets to Kaukauna Utilities
$6 million

2009Huttig

Financial advisor

2009New Page

Sale of Niagara, WI hydroelectric assets to Energy Investors Funds and Northbrook Energy

2009Ainsworth

Financial advisor

2007Neucel

Growth capital raise for Port Alice, British Columbia dissolving pulp mill

$40 million
2007Finch Paper

Sale of substantially all assets including a 260,000 ton premium paper mill and 161,000 acres of timberland to Atlas Holdings and Blue Wolf Capital Management

2006Longfibre

Sale of Leavenworth, WA sawmill and associated log supply agreements to Hampton Affiliates

2006Domtar

Sale of New Westminster, British Columbia coated paper mill

2006Kruger

Sale of Manistique Papers uncoated groundwood specialties mill to Remark Paper/Merit Capital

2006Menasha

Sale of Otsego, MI paperboard mill to U.S. Gypsum

2005Dunn Paper

Acquisition of Valentine Paper

2005Cellu Tissue Holdings

Strategic Advisor regarding proposed merger with International Paper's Industrial Papers Business

2005Badger Paper

Sale to an affiliate of James Azzar

2004Interfor

Acquisition of Crown Pacific sawmill assets
$73 million

2003Curtis Papers

Sale of Port Huron, MI mill to Meriturn Partners



Our personnel have completed the following assignments prior to establishing Sanabe:

Strategic Transactions

2000St. Laurent Paperboard

Sale to Smurfit-Stone Container Corporation
$1.4 billion

2000Repap

Sale to UPM-Kymmene
C$1.3 billion

1999Bowater

Sale of Great Northern Paper mill and timberland assets
$450 million

2000National Envelope

Acquisition of Williamhouse Envelope business and related financing
$130 million

2000Gilman Paper Company

Sale to Corporacion Durango
$120 million

1999Unisource

Sale to Georgia-Pacific
$1.5 billion

1999Smurfit-Stone

Sale of timberlands to Rayonier
$710 million

1999DLJ Merchant Banking

Investment in Mid-American Tissue
$20 million

1998Sappi

Sale of timberlands to Plum Creek Timber and concurrent placement
of installment note
$180 million

1998Sappi

Sale of Pressure Sensitive Business to Spinnaker Industries
$50 million

1998Cellu Tissue Holdings

Sale to Charterhouse Group

1998Crown Vantage

Financial advisor

1997St. Laurent Paperboard

Acquisition of West Point, VA paper mill from Chesapeake Corporation
$500 million

1996Bowater

Sale of Star Forms to CST Office Products
$80 million

1995Noranda Forest

Acquisition of Crosse Pointe Papers from Pentair
$205 million

1994Sappi
DLJ Merchant Banking Logo

Acquisition of S.D. Warren
$1.6 billion



Financing Transactions

1999Repap

Sole managed Senior Secured Notes offering
$100 million

1999Gaylord

Co-lead managed Senior and Senior Subordinated Notes offering
$450 million

1997St. Laurent Paperboard

Secured debt acquisition financing
$305 million

1999Stone Container Corporation

Lead managed Senior Subordinated Debentures offering
$275 million

1999Donohue

Lead managed Senior Notes offering
$200 million

1999Stone Container Corporation

Lead managed Senior Notes offering
$125 million

1994Sappi

Acquisition financing
(Senior Subordinated Notes and Preferred Stock)
$450 million

1994St. Laurent Paperboard

Initial public offering
C$348 million

1993Enso-Gutzeit Oy

Sale of interest in Eurocan Investments Ltd. to West Fraser Timber Co.

1993Noranda Forest

Secondary offering of
51% interest in
MacMillan Bloeder Logo
Lead underwriter
C$971 million

1993Pacific

Pacific Forest Products Initial public offering
C$130 million