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

PAF Securities advised Grand Bay International, an affiliate of Montreal-based Kruger Group, on the acquisition of Unicell. The acquisition was completed simultaneously with the purchase of Trinidad Tissues. With both acquisitions, Grand Bay gains a significant share of the Caribbean tissue paper market and develops important synergies with its existing operations in Venezuela and Guatemala.

Trinidad Tissues Limited (“TTL”) is a Trinidad-based manufacturer of tissue paper products.

PAF Securities advised Grand Bay International, an affiliate of Montreal-based Kruger Group, on the acquisition of TTL. The acquisition was completed simultaneously with the purchase of Unicell. With both acquisitions, Grand Bay gains a significant share of the Caribbean tissue paper market and develops important synergies with its existing operations in Venezuela and Guatemala.

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.

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

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.

PAF Securities advised First Citizens on the assumption of approximately US$ 280 million in customer deposits from CLICO Investment Bank following its intervention and closure by the Central Bank of Trinidad & Tobago.

Compañía Minera Atacocha S.A.A. (“CMA”) is a mining company based in Perú, founded in 1936 by the Gallo family. The company owns and operates mines focused on the exploration and production of zinc and lead (to a lesser extent, silver) and, more recently, of gold.

PAF Securities advised the Gallo family and other selling shareholders on the sale of 84% of the Class A voting shares of CMA to Votorantim Andina Peru S.A.C., a subsidiary of Votorantim Metais Ltda.

One Caribbean Media Limited (“OCM”) is a publicly owned and regionally focused media company quoted on the stock exchanges of Trinidad & Tobago and of Barbados.

OCM acquired Caribbean Communications Company / GEM Radio, a chain of 5 radio stations in Antigua, BVI, St. Kitts, St. Lucia and Trinidad, from Cumulus Media Inc. (NASDAQ: CMLS).

Pan American Finance acted as financial advisor to OCM in this transaction.

Papelera Internacional, S.A. (“Painsa”) is a Guatemala-based manufacturer of tissue paper products.

One Caribbean Media Limited ("OCM") is a publicly owned and regionally focused media company quoted on the stock exchanges of Trinidad & Tobago and of Barbados.

OCM was created by the merger of Caribbean Communication Networks Ltd ("CCN") and The Nation Corporation ("Nation"). CCN is the owner of the Express newspaper and TV6 of Trinidad & Tobago, and Nation is the owner of The Nation newspaper and Starcom radio stations.