KPS Capital Partners has completed the sale of portfolio company Attends Healthcare Inc. to Domtar Corp. for $315 million in cash. Attends Healthcare is a maker of adult incontinence products. The transaction reportedly generated a 15x and 120% IRR for the PE investor.
Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the completion of the acquisition of Attends Healthcare, Inc. (“Attends”) from KPS Capital Partners, L.P. for $315 million, pursuant to a definitive agreement entered into on August 12, 2011.
Attends produces a complete line of incontinence care products and washcloths marketed primarily under the Attends® brand name. The management team of Attends will remain in place, and the acquired business will be presented as a reportable segment in Domtar’s financial statements.
Domtar Corporation (NYSE: UFS) (TSX: UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp. The Company designs, manufactures, markets and distributes a wide range of business, commercial printing and publishing as well as converting and specialty papers including recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice® Office Paper, part of a family of environmentally and socially responsible papers. Domtar also produces a complete line of incontinence care products and washcloths marketed primarily under the Attends® brand name. Domtar owns and operates ArivaTM, an extensive network of strategically located paper distribution facilities. The Company employs approximately 8,800 people. To learn more, visit www.domtar.com.
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