Domtar Inc. signed a definitive agreement to acquire Laboratorios Indas, S.A.U. from Vista Capital de Expansión, S.A., SGECR, Portobello Capital Gestión, SGECR, S.A., ICG (LSE:ICP) and the management team for approximately €430 million on November 19, 2013. Under the terms of the agreement, Domtar will pay €285 million for stock and will assume €140 million of debt. Vista Capital sold 75% stake of Laboratorios Indas and Portobello sold 21% stake of Laboratorios Indas. Intermediate Capital Group will sell 2.6% stake and management team led by Javier Martín will sell 2.4% stake in Laboratorios Indas.

The closing of the transaction is subject to approval by Spanish antitrust authorities and customary closing conditions. The closing of the transaction is expected by year-end 2013. As of November 20, 2013, Domtar Corporation announced that it will use the net proceeds of a senior notes offering with the aggregate principal amount of $250 million (€185.14 million) to pay a portion of the consideration. The acquisition is to be accretive to Domtar earnings from day one and will enhance the overall profit margins of Domtar's Personal Care business segment. Morgan Stanley acted as financial advisor to Vista Capital and Portobello. Christian Hoedl, Carlos Daroca, and Rafael Fuster of Uría Menéndez Abogados, S.L.P. acted as legal advisors and Lazard acted as financial advisor to Domtar. Donald Fawcett and Joaquin Guell of Lazard Ltd acted as advisors to Domtar on the deal. KPMG LLP (United Kingdom) acted as accountant for Intermediate Capital Group PLC and KPMG Europe LLP acted as accountant for Vista Capital and Portobello. Jones Day Gouldens acted as legal advisor for Intermediate Capital Group and Federico Merino and Paloma Mato of Jones Day acted as legal advisors for Vista Capital and Portobello. Pricewaterhouse Cooper acted as accountant in the transaction. The conversion was done through www.oanda.com

Domtar Inc. completed the acquisition of Laboratorios Indas, S.A.U. from Vista Capital de Expansión, S.A., SGECR, Portobello Capital Gestión, SGECR, S.A., ICG (LSE:ICP) and the management team on January 2, 2014.