Deals this week: Magic Add Oy, Shandong Chenming Paper Holdings, NBTY

21 April 2016 (Last Updated April 21st, 2016 18:30)

Magic Add Oy has raised $0.25m in funding for product development and establishing a global network of suppliers and customers.

Shandong

Magic Add Oy has raised $0.25m in funding for product development and establishing a global network of suppliers and customers.

Based in Finland, Magic Add Oy is a smart packaging company offering services in advertising, logistics, and process optimisation.

Shandong Chenming Paper Holdings has announced plans to raise capital for its bleached sulfate chemical wood pulp project, as well as capital injection in a leasing firm.

The Chinese packaging manufacturer has agreed to issue 1.062 million shares through private placement for gross proceeds of CNY8bn ($1.23bn).

"The Chinese packaging manufacturer has agreed to issue 1.062 million shares for gross proceeds of CNY8bn ($1.23bn)."

NBTY plans to raise $1.07bn through private placement of five-year senior notes to repay its outstanding senior notes, which are due in 2017 and 2018.

The funding will also be used to finance the company's borrowings under existing senior-secured credit facilities.

Based in the US, NBTY is a manufacturer and distributer of vitamins and nutritional supplements.


Image: Shandong Chenming Paper Holdings Limited will raise CNY8bn ($1.23bn) through private placement for its business operations. Photo:courtesy of HornM201 / Wikipedia.