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Bioplan and Arcade Marketing Form New Partnership

Ileos, which is owned by funds managed by Oaktree Capital Management, L.P., and Visant Corporation, controlled by affiliates of KKR and DLJ Merchant Banking, have announced plans to combine their subsidiaries, Bioplan and Arcade Marketing, resulting in the formation of a new strategic venture, under which Oaktree would retain a 75% ownership interest and KKR/DLJMBP would retain a 25% ownership interest.

The proposed combination is based on the complementary aspects of these two businesses in providing sampling solutions for the beauty, fragrance and personal care segments.

The new venture is expected to generate turnover of approximately $450 million on a combined basis. The deal is expected to close by the beginning of the fourth quarter of 2014.

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