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Colonial Life Insurance Company (Trinidad) Limited

Colonial Life Insurance Company (Trinidad) Limited
Valuation of debt and equity securities holdings

October 2017

Colonial Life Insurance Company (Trinidad) Ltd. provides insurance products and services for individuals and businesses. It offers products for individuals, such as term, life, critical illness, health, and personal accident plans. The company also provides group insurance plans, which include medical plans and life insurance plans for employees, as well as pension plans. It offers its products through agents. The company was founded in 1936 and is based in Port of Spain, Trinidad and Tabogo. Colonial Life Insurance Company (Trinidad) Ltd. operates as a subsidiary of C L Financial Limited.

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Sigma S.A.

Sigma S.A.
Strategic alternatives and capital raising strategies

July 2008

Sigma, S.A. provides industrial and luxury packaging solutions in Latin America. Its products include bags, chip boards, adhesive tapes, corrugated and flexible packaging, smart packaging, folding cartons, sealing varnish, plastic containers, labels, displays, greeting cards, stickers and gift wraps, smart cards, and green boxes. The company serves various industries, such as oils and lubricants, personal care, greeting cards, agriculture, pharmaceuticals, smart cards, foods, jewelry packaging and displays, textiles and tailoring, drinks, home cleaning, wines and spirits, stationery, footwear and bitumen, perfume shops, pet food, corporate wood gifts, confectionery, clock/watch stores, cosmetics, and tobacco. Sigma, S.A. was founded in 1969 and is based in San Salvador, El Salvador with corporate offices in Guatemala. The company has factories in San Salvador, El Salvador; San José, Costa Rica; Norte Managua, Nicaragua; Colonia El Rosario and Zona 12, Guatemala; and San Pedro Sula, Honduras. It has sales offices in Edificio, Guatemala; Clearwater, Florida; Santo Domingo, República Dominicana; and Delegación Miguel Hidalgo, México.

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Colonial Life Insurance Company (Trinidad) Limited

Colonial Life Insurance Company (Trinidad) Limited
Financial Advisory and Valuation

July 2015

Colonial Life Insurance Company (Trinidad) Ltd. provides insurance products and services for individuals and businesses. It offers products for individuals, such as term, life, critical illness, health, and personal accident plans. The company also provides group insurance plans, which include medical plans and life insurance plans for employees, as well as pension plans. It offers its products through agents. The company was founded in 1936 and is based in Port of Spain, Trinidad and Tabogo. Colonial Life Insurance Company (Trinidad) Ltd. operates as a subsidiary of C L Financial Limited.

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Grand Bay Paper Products Ltd.

Grand Bay Paper Products. Ltd.
Debt Restructuring
US$ 40,000,000
April 2012

Grand Bay Paper Products Limited (“Grand Bay Paper”) is a Trinidad-based manufacturer of tissue paper products and the leading tissue paper mill in the Caribbean.

Pan American Finance advised Grand Bay Paper, an affiliate of Montreal-based Kruger Group, on the restructuring of US$40.0 million in existing long-term bank debt with the IFC, Royal Bank of Canada, and First Citizens Bank.

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Unicell Paper Mills Caribbean Limited

Unicell Paper Mills Caribbean Limited

Debt Restructuring and New Financing

US$ 55,000,000

October 2009

Unicell Paper Mills Caribbean Limited (“Unicell”) is a Trinidad-based manufacturer of tissue paper products and the leading tissue paper mill in the Caribbean.

Pan American Finance advised Grand Bay International, an affiliate of Montreal-based Kruger Group, on the restructuring of US$44.5 million in existing long-term bank debt and the structuring of US$10.5 million in new working capital facilities from the IFC, RBTT Bank, First Citizens Bank and the Export-Import Bank of Trinidad & Tobago.

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First Citizens Bank, Ltd.

First Citizens Bank Limited

Acquisition of the Shares of CMMB

May 2009

First Citizens Bank Limited (“First Citizens”) is a leading commercial bank in Trinidad & Tobago. Founded in 1993 through the merger of three banks, First Citizens is wholly-owned by the Republic of Trinidad & Tobago and, effective upon completion of the 2009 transactions, had total assets of over US$4 billion.

Pan American Finance advised First Citizens on the acquisition of Caribbean Money Market Brokers (CMMB), the former subsidiary of CL Financial.

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Frigorifico Canelones, S.A.

Frigorifico Canelones, S.A.

Debt and Equity Restructuring

US$ 24,000,000

June 2004

Frigorifico Canelones, S.A. is a leading manufacturer and exporter of frozen and fresh meat and related products in Uruguay.

During the banking crisis of 2002 – 2003, Pan American Finance advised the company on a debt and equity restructuring, including a debt buy-back from a U.S. based investor, the placement of equity with a U.K. based company, a new pre-export financing facility from a European bank, and a US$6 million long-term senior-debt financing for future capital expenditures from the German development bank, DEG.