- TM Capital acted as financial advisor to the Special Committee of EACOM Timber Corporation regarding the take-over bid to acquire all of the common shares of EACOM by a corporation indirectly owned by funds managed by Kelso & Company, a New York based private equity firm
- EACOM is one of the leading Eastern Canadian producers of softwood lumber. The Company owns eight sawmills in Ontario and Quebec with annual production capacity of approximately 900 million board feet and holds Crown logging rights of approximately 3.5 million cubic meters annually
- The offer valued EACOM at C$233.5 million, and included the purchase of all of the common shares at a price of C$0.38 per share
- TM Capital provided the Board and Special Committee with an opinion that the consideration offered for the EACOM shares was fair, from a financial point of view, to the EACOM shareholders
- Kelso & Company has been investing in North American private equity for over 30 years. Kelso benefits from a successful investment track record, a long-tenured and stable investing team, a reputation as a preferred partner to management teams and strategics, and a significant alignment of interest with all of its partners
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Mergers & Acquisitions
