The Navigator Company case presents a realistic situation wherein a multinational manufacturer of pulp and paper enters in a new cycle in order to improve its international competitiveness. For that reason, three alternative investment opportunities arose. In the case study context, all alternatives are analyzed in order to assess the fit with the company’s new motto and the compliance with the financial requirements. All that takes place in the year of 2014, with the entrance of a new CEO, coinciding with the period straight after the crisis. The circumstances that The Navigator Company faced at that time provide an interesting case study on the topic of strategic growth and M&A
