On April 6, 2005, Stile Acquisition Corp., an affiliate of Kohlberg Kravis Roberts & Co., acquired door maker Masonite International Corporation (TSX and NYSE: MHM) in a transaction valued at CDN$3.1 billion.  The outstanding common shares of Masonite were acquired for C$42.25 per share.  Financing for the transaction was provided in part by a senior credit facility and a subordinated bridge loan facility through a syndicate of lenders led by the Bank of Nova Scotia.

The transaction was carried out by way of plan of arrangement under the OBCA.
Masonite was represented in Canada by Davies Ward Phillips & Vineberg LLP, with a team that included Bill Gula, Mark Connelly, Mitch Finkelstein, Jennifer Grossklaus and Denis Frawley (corporate/securities); John Ulmer and Elie Roth (tax); and George Addy, Mark Katz and Simon Lockie (competition and Investment Canada).