Oak Hill Capital agrees to buy Berlin Packaging for $1.43 bln

Oak Hill Capital Partners has agreed to acquire Berlin Packaging, which supplies packaging products in North America, for $1.43 billion. Oak Hill has agreed to buy the company from Investcorp. The deal, subject to closing conditions, is expected to close in the third quarter.


Investcorp sells SourceMedia

Investcorp has sold SourceMedia to Observer Capital. Financial terms weren’t announced. New York-based SourceMedia is a B2B media company that publishes such titles as American Banker, The Bond Buyer as well as Mergers & Acquisitions. Investcorp put SourceMedia up for sale in late 2012 but couldn’t find a buyer, peHUB has reported.

Bahrain’s Investcorp to acquire Totes Isotoner Corp – Reuters

Bahrain-based alternative investment fund Investcorp said it had agreed to acquire U.S.-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli & Co, writes Reuters. No terms were disclosed for the purchase from MidOcean Partners and Bruckmann, Rosser, Sherrill & Co.

Investcorp acquires minority stake in Turkey’s Namet

Investcorp has acquired a significant minority stake in Namet Gida Sanayi ve Ticareti A.S. Namet is a Turkish producer of fresh cut and packaged processed red meat products such as soujouk, pastrami, salami, sausages, smoked meats and frozen and ready to eat burgers.

Reuters – Bahrain’s Investcorp acquires stake in Saudi sports firm

Bahrain-based Investcorp acquired a 25 percent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co, the ninth investment in the company’s $1 billion Gulf Opportunity Fund, writes Reuters. As part of the deal, Investcorp will have a board seat at Leejam. Financial details were undisclosed.


Investcorp Sells Armacell to Charterhouse

Investcorp, a global provider and manager of alternative investment products, has agreed the sale of Armacell to Charterhouse for over 500 million euros ($653.6 million). Based in Germany, Armacell is a manufacturer of flexible technical insulation materials.

Reuters – Investcorp Struggling to Sell Armacell

Bahrain-based private equity firm Investcorp‘s sale of Armacell is under threat as bids for the German insulation firm are due to come in lower than its 500 million euro ($653.30 million) price tag, writes Reuters. The transaction could now be scrapped altogether, writes Reuters.

Equistone Sells Hydrasun to Investcorp

Equistone Partners Europe has exchanged contracts on the realisation of its investment in Hydrasun Limited to Investcorp. Established in 1976, Hydrasun is a provider of integrated fluid transfer, power and control solutions to the global offshore oil and gas industry.

Reuters – Investcorp Attracts Bidders for Armacell

The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.

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Investcorp Realizes CCC Investment

Investcorp has completed the sale of CCC Information Services to Leonard Green & Partners. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. The sale unlocks over $550 million in proceeds for Investcorp and its investors.

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