Peter Brant uses personal art collection to recapitalize White Birch newsprint business:
Peter Brant, chairman and chief executive officer of White Birch Paper Co., pledged pieces of his personal art collection to recapitalize the family newsprint business.
Brant had to buy his family business out of bankruptcy with the help of Black Diamond Capital Management LLC, a company that specializes in distressed credits. The new company is called BD White Birch Investment LLC.
