Clearlake portfolio company Tolt Solutions has acquired the Unity Managed Network Services division from iPass Inc. The business is a provider of retail and distributed enterprise network design, implementation and managed services.
A private equity consortium led by Ethos Private Equity has acquired a majority stake in the RTT Group for an undisclosed sum. Other shareholders in the consortium are African Development Partners II, a private equity fund advised by Development Partners International and the Government Employees Pension Fund, represented by the Public Investment Corporation.
Versa Capital Management's Vestis Retail Group is to acquire Sport Chalet. The business is a US-based specialty sporting goods retailer.
UK-based Albion Ventures has invested in the development of two purpose-built residential care homes for the elderly. The new facilities will be located in Cumnor Hill, Oxford and Hillingdon, Greater London and will cater for a total of 130 elderly residents, providing hotel style accommodation including a bistro, private dining room, library and spa.
Gryphon Investors is exiting Flagstone Foods after more than three years.
CarProof, a portfolio company of U.S. private equity firm Hellman & Friedman, has bought vehicle valuation guide Canadian Red Book Ltd, according to a report by Canadian Auto World. The value of the acquisition was not disclosed. Founded in 2000, the London, Ontario-based CarProof is a supplier of comprehensive used vehicle history reports. Last August, the company sold a minority stake to Hellman & Friedman for an undisclosed sum.
Safway Services Canada ULC has acquired Nel-Tekk Industrial Specialties Inc, a Sarnia, Ontario-based provider of insulation, abatement and fireproofing services. The financial terms of the transaction were not released. Safway Services Canada is an affiliate of Safway Group Holdings, a provider of scaffolding and other access products for industrial and commercial construction markets in North America. Safway, which has its headquarters in Waukesha, Wisconsin, is a portfolio company of U.S. private equity firm Odyssey Investment Partners. The company was acquired by Odyssey in 2009 from German conglomerate ThyssenKrupp AG.
Gryphon Investors is exiting Flagstone Foods after more than three years.
Club Mediterranee's top shareholder, Andrea Bonomi, outbid French private equity firm Ardian and Chinese conglomerate Fosun International with an offer for the holiday company on Monday, valuing it at 790 million euros ($1.1 billion), Reuters reported.
Merit Capital Partners and Aiglon Capital has closed its buy of Carter-Waters. No financial terms were disclosed. Based in Missouri, Kansas and Illinois, Carter-Waters is a provider of construction materials and equipment for commercial, highway and residential contractors.