JPMorgan Agents $600MM Facility to Support Owens Corning Buy

JPMorgan Chase served as administrative agent for a $600 million term loan facility for Owens Corning to facilitate its acquisition of Paroc Group, a transaction estimated at €900 million ($1.04 billion).

KPS Capital Sells Anchor Glass to CVC Capital Partners

KPS Capital Partners agreed to sell its portfolio company Anchor Glass to funds advised by CVC Capital Partners and BA Glass.

CVC Capital Partners Hires Colpitts as U.S. Head of TMT

Private equity firm CVC Capital Partners hired Chris Colpitts as a senior managing director and head of Telecom, Media and Technology in the U.S.

CVC Capital Partners Makes $8MM Investment in Kount

CVC Capital Partners will provide an $80 million growth equity investment to Kount, a provider of online and mobile fraud detection and prevention solutions.

Reuters: Three Buyout Funds Said to be Vying for GE’s French Banking Arm

Reuters reported that three buyout funds are vying to buy General Electric’s banking unit in France which has approximately $6.6 billion worth of assets.

CVC Capital Hires Clark as Managing Partner

CVC Capital Partners announced John D. Clark joined the firm as a managing partner based in New York.

Reuters: BofA Advises Panasonic on Healthcare Unit Sale

Reuters reported that Toshiba and Kohlberg Kravis Roberts are among those expected to bid for Panasonic’s healthcare business. Bank of America Merrill Lynch is advising Panasonic on the sale.