Private equity firm Oak Hill Capital Partners is set to acquire Berlin Packaging LLC, a supplier of packaging products and services in North America, for $1.43 billion.

The deal marks the latest exit for Investcorp, which purchased a majority stake in Chicago-based Berlin Packaging in 2007 for $410 million. Earlier this month, the Manama, Bahrain-based private equity firm sold SourceMedia Inc., the publisher of Mergers & Acquisitions, to Observer Capital.

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