Kelso & Company Takes EACOM Timber Private
|Areas||Banking and Finance Law, Commercial Real Estate, Corporate and Commercial, Intellectual Property , Mining and Natural Resources, Private Equity, Tax|
Goodmans acted as Canadian counsel to Kelso & Company (“Kelso”), through funds managed by it, in connection with its acquisition of EACOM Timber Corporation (“EACOM”) (TSX-V: ETR) by way of take-over bid for an aggregate purchase price of approximately $258 million, with 95% of the shares deposited pursuant to the bid and the balance acquired by way of compulsory acquisition.
New York based private equity firm Kelso is currently investing its eighth investment partnership, Kelso Investment Associates VIII, L.P., with $5.1 billion of committed capital. Montreal-based EACOM is in the business of manufacturing, marketing and distribution of lumber, wood chips and wood-based value-added products as well as the management of forest resources.