Observer Capital-owned SourceMedia names CRO and CFO

New York-based b2b media company SourceMedia has hired Marianne Collins as chief revenue officer and Michael Caruso as chief financial officer. Previously, Collins worked at Investcorp. where she was an advisory director while Caruso worked at Deloitte/CRG Financial Services. SourceMedia is owned by Observer Capital.


Oak Hill completes Berlin Packaging acquisition

Oak Hill Capital Partners has closed its buy of Berlin Packaging from Investcorp. No financial terms were disclosed although earlier reports pegged the amount at $1.43 billion. As a result of the transaction, Berlin Packaging CEO Andrew Berlin retains a “significant” ownership stake in the company. He and the firm’s current management will continue to lead the business. Berlin Packaging supplies packaging products in North America.


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.

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