| Chesapeake Completes Financial Restructuring Transition |
| Friday, May 01, 2009 5:46:00 AM PDT | PrivateEquityI Staff |
Amersham, UK -- Consumer packaging supplier Chesapeake announced that it has completed its financial restructuring via an acquisition by two private equity firms.
The acquisition, by Irving Place Capital Management and Oaktree Capital Management in concert with management, took the company private.
“With the financial backing of our new partners, Chesapeake is ideally positioned to support and continue to grow with our customers,” said Kerins. “Chesapeake holds the number one or two supplier position in each of its markets and counts many of the world’s largest companies as customers. Supported by our talented team of employees, we can now move forward with our plans to expand the business with a strong capital structure and renewed enthusiasm.” |
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