Heartwood exits M&Q Packaging; MiddleGround exits Arrow Tru-Line

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

– Heartwood Partners exited its investment in film and flexible packaging manufacturer M&Q Packaging LLC with its sale to an undisclosed buyer. Finn Dixon & Herling LLP was legal adviser and Raymond James was financial adviser to M&Q.

– CNL Strategic Capital Management LLC acquired membership-based franchise consulting network International Franchise Professionals Group Inc from Princeton Equity Group LLC.

– MiddleGround Management LP is set to sell garage door hardware manufacturer Arrow Tru-Line Inc. to The Chamberlain Group LLC. Raymond James was financial adviser and Greenberg Traurig was legal adviser to MiddleGround. Wells Fargo was financial adviser and Simpson Thacher & Bartlett LP was legal adviser to Chamberlain.

– Nautic Partners LLC acquired Ideal Tridon Holdings Inc., a designer and manufacturer of joining and support solutions, from TruArc Partners LP.

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