CenterOak sells Turf Masters; Kohlberg to acquire majority stake in Loenbro

Deal Wrap is updated as of 3 p.m. ET.

– CenterOak Partners LLC sold lawn care services company Turf Masters Brands Inc. to ExperiGreen MGT LLC. Harris Williams and William Blair & Co. were financial advisers to Turf Masters, while Gibson Dunn & Crutcher LLP was legal adviser.

– Kohlberg & Co. LLC agreed to acquire a majority stake in industrial services contractor Loenbro LLC. Evercore was financial adviser and Kirkland & Ellis LLP was legal adviser to Loenbro. Harris Williams, KeyBanc Capital Markets and Stifel were financial advisers to Kohlber. Greenberg Traurig LLP and Kirkland & Ellis LLP were its legal advisers.

– Arcline Investment Management LP agreed to sell Medical Manufacturing Technologies LLC to Perimeter Solutions Inc. for $685 million. William Blair and Houlihan Lokey were financial advisers to Arcline, and Kirkland & Ellis LLP and Fredrikson & Byron PA were legal advisers.

– Ferd AS-, Kirkbi Invest A/S- and PrimeStone Capital LLP-backed cleaning solutions provider Nilfisk Holding A/S is set to be acquired by Freudenberg Home and Cleaning Solutions GmbH.

– Tailwater Capital LLC acquired a majority interest in liquids transportation, storage and terminal services company Central Midstream Partners LLC. Gibson Dunn & Crutcher LLP was legal adviser to Central Midstream. Troutman Pepper Locke LLP was legal adviser to Tailwater.

– General Atlantic Service Co. LP and Canada Pension Plan Investment Board invested in online boat and yacht marketplace Boats Group, LLC, with existing investor Permira Advisers Ltd. exiting a portion of its stake but retaining a minority shareholding. RBC Capital Markets was financial adviser to General Atlantic, and Paul Weiss Rifkind Wharton & Garrison LLP was its legal adviser. Weil Gotshal & Manges LLP provided legal counsel and Deutsche Bank AG was financial adviser to CPP Investments. Evercore and Morgan Stanley & Co. LLC were financial advisers to Permira, and Latham & Watkins LLP was legal adviser.

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