110 Views

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.

211 Views

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.

357 Views

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.

220 Views

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.

119 Views

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.

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