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Oak Hill Capital Partners Completes Acquisition of Berlin Packaging

Company Ready to Accelerate Already-Strong Growth Momentum

NEW YORK, NY and CHICAGO, IL, October 6, 2014

Oak Hill Capital Partners (“Oak Hill”), a leading private equity firm, announced today that it has completed the previously announced acquisition of Berlin Packaging LLC (“Berlin Packaging”), a leading supplier of rigid packaging products and services in North America, from Investcorp. Oak Hill invested in partnership with Berlin Packaging’s current management team, led by Chairman and CEO Andrew Berlin, who retains a significant ownership position. Mr. Berlin and the current management team will continue to manage the business.

Founded in 1898 and guided by a company culture focused on growing the bottom lines of its customers, Berlin Packaging combines the best attributes of manufacturers, distributors, and income-adding service providers for thousands of customers, with an unparalleled track record of 99% on-time delivery, quantified results for customers, and industry-leading customer thrill. Berlin Packaging’s end-to‐end operations across the supply chain provide customers of all sizes in all industries with a one-stop shop for their packaging needs. Berlin Packaging’s broad offering of services includes structural and brand design, worldwide sourcing, warehousing and logistics, and capital financing.

Tyler Wolfram, Managing Partner at Oak Hill, said, “We are delighted to have completed this acquisition. The investment in Berlin Packaging is representative of Oak Hill’s theme-based investment strategy and specifically aligns with one of our core themes targeting industry-leading, value-added strategic suppliers. Berlin Packaging is a best-in-class business in a very attractive market with significant growth avenues. We are excited to execute Berlin Packaging’s strategy in partnership with Andrew and his outstanding team.”

Andrew Berlin said, “The Berlin Packaging team is highly enthusiastic to take our business to the next level. Berlin Packaging’s customers, suppliers, and employees alike can look forward to new opportunities and enhanced growth. Importantly, as we pursue these opportunities, it’s business as usual. This means we will continue to offer the same outstanding products, solutions, and service levels, and there will be no changes to the team our customers and suppliers work with. Our new partnership with Oak Hill will create wins for all of the company’s stakeholders.”

In connection with the closing of the acquisition, Berlin Packaging also closed its previously announced first and second lien financing in addition to a revolving credit facility.

About Berlin Packaging

Berlin Packaging is North America’s only Hybrid Packaging Supplier of plastic, glass, and metal containers and closures. See PaintTheTarget.com and GreaterFaster.com for more on how the company exists to help people and companies excel. With over 33,000 available SKUs, over 120 packaging consultants, and more than 90 sales and warehouse locations across North America, the company has the right products, expertise, and geographic proximity to help customers increase their net income through packaging products and services. Berlin Packaging supplies billions of containers and closures annually as well as warehousing and logistics services for customers of all sizes in all industries. It is the only company in its sector to be ISO 9001 certified, to have Customs-Trade Partnership Against Terrorism (C-TPAT) certification, and to achieve 99% on-time delivery of its shipments every month for over ten years. Related services and specialty product divisions include Studio One Eleven custom packaging and graphic design, Berlin Global sourcing solutions, E3 profit-oriented consulting, Berlin Financial financing for equipment and capital improvements, Dangerous Goods transport, Freund Container & Supply convenience, and Qorpak laboratory supplies. The company can be reached at 1.800.2.BERLIN, BerlinPackaging.com, and on LinkedIn and Twitter.

About Oak Hill Capital Partners

Oak Hill is a private equity firm with more than $8 billion of initial capital commitments from leading entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Since inception 28 years ago, the professionals at Oak Hill and its predecessors have invested in more than 70 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value.