Goldman Sachs will earn fees advising NewPage Holding on an acquisition after the US paper company pulled an initial public offering the bank was due to lead last year.

In April 2006, NewPage filed a registration statement to go public in an offering that was slated to raise up to $320m (€227m). Goldman was sole bookrunning manager of the deal that was indefinitely postponed in July 2006 as the company cited market conditions.