PAI Partners buys Innovad Group; Emerald Lake sells US Salt

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

– PAI Partners SAS is set to acquire animal feed additives company Innov Ad NV/SA, doing business as Innovad Group, from IK Partners.

– Emerald Lake Capital Management LP is set to sell salt products producer US Salt LLC to ContextLogic Holdings Inc. for $907.5 million. Rothschild & Co was financial adviser to ContextLogic, and McDermott Will & Schulte LLP was legal adviser. Kirkland & Ellis LLP was legal adviser US Salt and Emerald Lake.

– Main Post Partners LP sold hunting apparel brand KUIU LLC to an investor group. Morrison & Foerster and Dorsey & Whitney were the legal advisers to Main Post Partners and KUIU, respectively.

– WindRose Health Investors LLC invested in Stellus Rx LLC, a pharmacy care management platform. Robert W. Baird & Co. was the financial adviser to Stellus Rx, while Goodwin Procter LLP acted as legal adviser. McDermott Will & Schulte LLP served as legal adviser to WindRose, and TripleTree acted as financial adviser.

– Berkshire Partners LLC invested in United Flow Technologies, a water and wastewater solutions provider. Harris Williams and Solomon Partners were United Flow Technologies' financial advisers, while King & Spalding LLP was legal adviser. William Blair was the financial adviser to Berkshire Partners and Ropes & Gray LLP was legal adviser.

– Incore Invest AB is set to acquire PaymentIQ, the doing-business name of payment orchestration platform JSC Penkiu kontinentu bankines technologijos, from Worldline SA for $186.13 million. Perella Weinberg was financial adviser and Gernandt & Danielsson was legal adviser.

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