PE Group Wingate Partners Picks Up Specialty Paper Co.

Law360, New York (October 5, 2012, 7:58 PM EDT) -- Wingate Partners, a $500 million private equity group in Dallas, said Thursday that it’s snapped up Wisconsin-based specialty paper manufacturer Nekoosa Coated Products LLC, a onetime unit of 3M Co. that adds to the investment firm’s portfolio of businesses churning out meat-and-potatoes merchandise.

Financial terms weren’t disclosed, but Wingate says its transactions are typically in the $25 million to $100 million range. While details on Nekoosa’s revenue weren’t available, Wingate said it targets firms that are either underperforming or profitable despite being in an ailing sector....
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