Debevoise Advises Domtar in Its Sale to Paper Excellence in a Transaction Valued at $3 Billion

11 May 2021

Debevoise & Plimpton LLP is advising Domtar Corporation (NYSE:UFS) in a strategic business combination under which Paper Excellence will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share, representing a total enterprise value of approximately $3 billion. For more information, please see the company’s press release.

Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and air laid nonwovens. Headquartered in British Columbia, Paper Excellence is a global diversified manufacturer of pulp and specialty, printing, writing and packaging papers.

The Debevoise team is led by M&A partners Paul Bird and William Regner and includes counsel Molly Stockley and associates Katherine Durnan, Joel Salomon, Eli Bienstock, Priya Soni and Priscila Park, capital markets partner Steven Slutzky and associate Benjamin Pedersen, finance partner Jeffrey Ross and counsel Katarina Molnarova, benefits partner Jonathan Lewis and associates Simone Hicks and Sandy De Sousa, tax partner Gary Friedman and associate Lillian Aston, antitrust partners Ted Hassi and Timothy McIver, counsel Kyra Bromley and Erica Weisgerber and associates Kayleigh Anderson and Joshua Burger, intellectual property partner Henry Lebowitz and associates Paisley Piasecki and Tigist Kassahun and environmental counsel Stuart Hammer.