Iris Dorbian
Cindat Capital Management and Union Life Insurance Co Ltd have acquired a 75 percent stake in 28 long-term/post-acute care facilities located in New England and the mid-Atlantic. Welltower, which will retain a 25 percent stake, owns the real estate for these assets while Genesis Healthcare owns the operations. No financial terms were disclosed.
Montagu Private Equity has acquired Aqua Lung, a provider of scuba diving gear. The seller was Air Liquide. No financial terms were disclosed.
Platinum Equity has acquired two Asia-based manufacturing businesses: Foam Plastic Solutions and Flow Control Devices. The seller was Broadway Industrial Group Limited. No financial terms were disclosed.
Dynatronics Corp has closed its private placement at $975,000. The lead investor was healthcare-focused private equity firm Prettybrook Partners LLC. Based in Salt Lake City, Utah, Dynatronics is a provider of medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic and podiatry sectors.
The Carlyle Group has acquired a majority stake in Chile-based Gastronomía & Negocios S.A, a franchisor of quick-service restaurants. The sellers were the Duch and Fuenzalida families, both of which will retain a 25 percent stake in the company. No financial terms were disclosed.
ThreeSixty Group Inc, which is backed by AEA Investors LP, has acquired The Sharper Image, a provider of consumers home electronics, air purifiers, gifts and other high-tech lifestyle products. The seller was Iconix Brand Group Inc. No financial terms were disclosed.
First Read ends 2016 with news the stock market will rally 15 pct or more in 2017, 10 CEOs reveal the one killer question they ask all candidates and U.S. expels 35 Russian intelligence agents in retaliation for hacking.
In Second Opinion, the U.S. expels 35 Russian diplomats in retaliation for alleged cyberattacks, Honda is recalling about 650,000 Odyssey minivans and the new Microsoft under Satya Nadella is still looking good on Wall Street.
Krauter & Company has hired Ray Gallagher to lead the insurance agency's Los Angeles office. Previously, Gallagher worked at Aon where he was senior vice president and his clients included some of the largest private equity sponsors in the industry.
Lotus Innovations has acquired Washington, D.C.-based Edge Technologies, a software developer. No financial terms were disclosed.