C1 filed a prepackaged Chapter 11 bankruptcy proceeding in the U.S. Bankruptcy Court for the Southern District of Texas. CVC Capital Partners, Silver Point Capital and Monarch Alternative Capital committed to provide new equity and debt financing as part of the process.
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 Partners agreed to sell its portfolio company Anchor Glass to funds advised by CVC Capital Partners and BA Glass.
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 will provide an $80 million growth equity investment to Kount, a provider of online and mobile fraud detection and prevention solutions.
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 Partners announced John D. Clark joined the firm as a managing partner based in New York.
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.