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.


PE-backed Dave & Buster’s sets pricing range for IPO

Dallas-based restaurant and entertainment chain Dave & Buster’s has priced its IPO of 5.88 million shares at between $16 and $18 per share. The company is planning on trading its stock on the NASDAQ under the ticker symbol “PLAY.” Jefferies and Piper Jaffray are serving as lead underwriters. Dave & Buster’s is a portfolio company of Oak Hill Capital Partners.

Michael Bloomberg to re-take helm at Bloomberg LP

Michael Bloomberg will re-take the helm at Bloomberg LP as president and chief executive officer Daniel Doctoroff will step aside at the end of the year. Doctoroff joined the company as president in January 2008 and become CEO in 2011. Prior to Bloomberg, Doctoroff worked for six years as New York City’s Deputy Mayor for Economic Development and Rebuilding in the Bloomberg administration. Before, Doctoroff was a managing partner at Oak Hill Capital Partners.


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.


Startup offers legal work from the cloud

Wondering why you’re paying so much to have routine legal documents prepared? The question lies at the heart of the business model of a start-up company called InCloudCounsel, sister magazine Buyouts reports.


Alcoa to acquire Oak Hill Capital-backed Firth Rixson

Alcoa has agreed to acquire Oak Hill Capital Partners-backed Firth Rixson, which makes jet engine components, for $2.85 billion in cash and stock. Alcoa will make the acquisition for $2.35 billion in cash, plus $500 million of company stock and an additional $150 million potential earn-out.


Bridgepoint Development Capital exits Pulsant

Pulsant, a provider of IT infrastructure services to medium sized businesses in the UK, has been sold by Bridgepoint Development Capital to Oak Hill Capital Partners. The value of the transaction was not disclosed.


Henry Schein Animal Health to acquire SmartPak

Henry Schein‘s US animal health business, Henry Schein Animal Health, is to acquire around 60 percent of SmartPak, a provider of equine supplements and horse supplies across the US. Henry Schein Animal Health is a companion animal health distribution company in the United States. As part of this transaction, Oak Hill Capital Partners and SmartPak’s existing management team will own SmartPak’s remaining equity.


PE-backed Auction.com adds former Oracle CFO to board of directors

Auction.com has named Jeff Epstein to its board of directors. Epstein is the former chief financial officer for Oracle. Currently, he is an operating partner at Bessemer Venture Partners and a senior advice for Oak Hill Capital Partners. Auction.com, which is backed by Google Capital and Stone Point Capital, is an online real estate marketplace.


PE-backed Avolon snares $500 mln

Irish aircraft leasing company Avolon has received a $500 million debt facility. Credit Agricole CIB and Deutsche Bank AG were the joint lead arrangers on the financing. According to the company, the loan will be used to finance new aircraft deliveries in 2014. Avolon is backed by Cinven, CVC Capital Partners and Oak Hill Capital Partners.

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