Atlas Holdings sells Forest Resources assets to New-Indy and PaperWorks

Atlas Holdings LLC has sold the assets of Forest Resources, a maker of industrial paper and packaging productions, in two separate deals. New-Indy Containerboard has acquired Forest’s U.S. based businesses, which include Hartford City Paper while PaperWorks Industries Inc has acquired Forest Resources’ Canadian subsidiary CanAmPac ULC. No financial terms were disclosed. Houlihan Lokey provided financial advice to Forest Resources LLC on the transactions.


PE-backed AGI-Shorewood sells North American and Asian print biz to MPS

AGI-Shorewood Group, a portfolio company of Atlas Holdings, has sold its North American and Asian print business to Multi Packaging Solutions. No financial terms were disclosed for the transaction that closed on November 21, 2014. Deloitte Corporate Finance advised AGI-Shorewood Group on the sale.

Atlas Holdings’ Soundview Paper Acquires Marcal Paper Mills

Atlas Holdings portfolio company Soundview Paper Company has acquired Marcal Paper Mills, a paper company based in Elmwood Park, New Jersey. Atlas Holdings acquires middle-market companies in distress or facing complex issues, including bankruptcy reorganizations, restructurings and challenging corporate divestitures. PRESS RELEASE Atlas Holdings LLC today announced the acquisition of Marcal Paper Mills, LLC, a […]

Blue Wolf, Atlas Exit Northern Resources

Blue Wolf Capital Partners and Atlas Holdings exited Northern Resources Nova Scotia Corp., selling it to a strategic buyer in Paper Excellence Canada Holdings Corp. Specifics on the transaction and bankers were not disclosed.

‘Like Writing the Ex-Girlfriend One Last Letter’

It all started with a letter. Rob Morris didn’t even expect a reply.

“I viewed it in my mind like writing the ex-girlfriend one last letter, and I would never hear from the person,” said Morris, the managing partner of Olympus Partners, a buyout shop in Stamford, Conn.

Morris had no connections to Spencer Bachus, the letter’s intended recipient and the chief candidate to become chairman of the House Financial Services Committee after the GOP took the House of Representatives last November. In fact, Morris had no experience dealing with Washington, D.C.

But Morris had been studying provisions of the Dodd-Frank financial reform law that would require private equity firms to register as investment advisers, and the registration provision struck him as a waste …

Atlas Holdings Raises $365 Million for Debut Fund

Atlas Holdings has closed its debut fund with $365 million in capital commitments. It had originally targeted $250 million, and used Capstone Partners as placement agent.

The Greenwich, Conn.-based firm previously had used a fundless sponsor model, and focuses on mid-market special situations with an emphasis on the industrial sector.

Atlas Holdings Increases Fund Size; Planning First Close for Next Week

After writing for months about the fundraising famine, I feel like I’m in bizarro world this week. First Marlin Equity closes its fund at $200 million over its target (after turning away another $350 million). And now Atlas Holdings has increased the target on its first institutional fund because of heavy demand, according to a source familiar with the situation.

The Greenwich, Conn.-based firm decided to increase its target from $300 million to $350 million. The firm has received a strong response from investors in both the U.S. and Europe, a source familiar with the situation said. Atlas is planning a first close next week on north o $100 million in capital commitments, the source said. peHUB first reported the firm’s fundraising effort in October, noting that Capstone Partners is acting as the firm’s placement agent.

Atlas Holdings Raising Proper Buyout Fund

Atlas Holdings is in the market raising its first traditional buyout fund, two sources familiar with the situation said. The Greenwich, Conn.-based distressed investment firm had previously relied on investors to back deals on a one-by-one basis, typically investing large chunks of its own general partners’ capital. That structure is similar to that of its […]

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