On September 18, 2012, Black Diamond Capital Management, L.L.C. and BD White Birch Investment LLC announced the acquisition of the assets of White Birch Paper Company, the second largest newsprint manufacturer in North America. This transaction represents an important milestone in the restructuring process of the business commenced more than two years ago and will ensure the long-term viability of the new company.
Black Diamond, a US-based independently owned alternative investment firm, was represented in Quebec by a multidisciplinary team from Lavery, which included Jean-Yves Simard and Jonathan Warin (restructuring and insolvency), Catherine Maheu, Josée Dumoulin and François Parent (labour and employment; pension and benefits), Dominique Bélisle, Brigitte Gauthier, Chantal Joubert and Étienne Guertin (financing and real estate law), Jean-Sébastien Desroches, Guillaume Lavoie, Ariana Lisio and Maxime Bergeron (business transactions, mergers and acquisitions), Yvan Biron and Sophie Prégent (environment) as well as Philippe Asselin and Audrey Gibeault (tax law).
The Lavery team demonstrated its expertise and worked closely with colleagues at Goodmans (Toronto) and Skadden (Chicago), both counsel to Black Diamond.