Iris Dorbian
HarbourVest Partners has made over a dozen senior-level promotions. In addition to upping Ryan Gunther, Senia Rapisarda and Kelvin Yap to managing director, the firm has also promoted Shumin Gong, Ryan Jones and McComma Grayson III to principal, among others.
Svenska Cellulosa Aktiebolaget has agreed to acquire BSN Medical, a medical therapy solutions provider, in a deal that values BSN at 2.7 billion euros. The seller is EQT. The deal is expected to close in the second quarter of next year.
Littlejohn & Co LLC has agreed to acquire Brown Jordan International Inc, a maker of indoor and outdoor furniture. No financial terms were disclosed. The deal is expected to close in late January 2017. Moelis & Company provided financial advice to Brown Jordan on the transaction.
Great Point Partnership has sold Professional Physical Therapy to Thomas H. Lee Partners. No financial terms were disclosed. Jefferies advised ProPT on the transaction. ProPT is a physical therapy service provider serving the New York tri-state area.
Confie, a portfolio company of ABRY Partners, has acquired Mesa, Arizona-based Oasis Insurance, an auto insurance provider. No financial terms were disclosed.
First Read starts the week with news that Sumner Redstone will be stepping down from Viacom's board of directors but remain chairman emeritus, hackers are selling stolen Yahoo data on the dark web, and the Electoral College will likely not block Trump.
Exponent Private Equity has acquired Leisure Pass, a city attraction pass provider. The seller was Primary Capital. No financial terms were disclosed. Harris Williams & Co was the financial adviser to Leisure Pass on the deal.
UrbanFund, a Toronto-based real estate development company and Takol Real Estate Inc, a Canadian private equity real estate-focused firm, have acquired a Brampton, Ontario-based industrial complex. The price of the transaction is $5.255 million. Both Urbanfund and Takol own a 50 percent stake in the property.
In Second Opinion, Hillary Clinton calls the Russian hacking "an attack against our country while President Obama said he told Putin to "cut it out," Generali will not be selling its French assets to Allianz and Google joins the open source Cloud Foundry Foundation.
General Atlantic has acquired a majority stake in Sweden-based Hemnet, an online real estate classifieds platform. No financial terms were disclosed for the transaction that was also done with Pierre Siri and Henrik Persson. In conjunction with the deal, Persson, Siri and Chris Caulkin of General Atlantic have been added to Hemnet's board of directors.