09.03.14
Ileos, owned by funds managed by Oaktree Capital Management, L.P., and Visant Corporation, controlled by affiliates of KKR and DLJ Merchant Banking (DLJMBP), announced plans to combine subsidiaries Bioplan and Arcade Marketing, resulting in the formation of a new strategic venture.
Oaktree would retain a 75% ownership interest and KKR/DLJMBP would retain a 25% ownership interest in the newly combined unit.
The proposed combination is based on the complementary aspects of these two businesses in providing sampling solutions for the beauty, fragrance and personal care segments. The new venture’s global sales and manufacturing platform aims to service its customers with an enhanced products and services portfolio.
According to Ileos, the proposed combination with Arcade Marketing will allow Bioplan to enrich its product portfolio with patented solutions notably using microencapsulation and other proprietary flat sample technologies.
The new venture is expected to generate turnover of approximately $450 million on a combined basis. The deal is expected to close by the beginning of the fourth quarter.
Oaktree would retain a 75% ownership interest and KKR/DLJMBP would retain a 25% ownership interest in the newly combined unit.
The proposed combination is based on the complementary aspects of these two businesses in providing sampling solutions for the beauty, fragrance and personal care segments. The new venture’s global sales and manufacturing platform aims to service its customers with an enhanced products and services portfolio.
According to Ileos, the proposed combination with Arcade Marketing will allow Bioplan to enrich its product portfolio with patented solutions notably using microencapsulation and other proprietary flat sample technologies.
The new venture is expected to generate turnover of approximately $450 million on a combined basis. The deal is expected to close by the beginning of the fourth quarter.