Arlington exits Riverpoint; Gemspring acquires Comoto stake

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

– Gulf Capital Investments Ltd. exited its investment in healthcare billing software provider Eclat Health Solutions Inc. to the founders and management team.

– Arlington Management Employees LLC is set to sell medical device manufacturer Riverpoint Medical LLC to Novanta Inc. for $1.2 billion. Baird and J.P. Morgan Securities LLC were financial advisors to Novanta and Ropes & Gray LLP and King & Spalding LLP were legal advisers. Jefferies LLC was financial adviser to Riverpoint and Goodwin Procter LLP was legal adviser.

– Gemspring Capital LLC acquired a minority stake in motorcycle parts provider Comoto Holdings Inc. Existing majority shareholder Prospect Hill Growth Partners LP will retain its ownership position.

– Insignia Capital Group LP and family shareholders agreed to sell smoked meat products manufacturer Tillamook Country Smoker LLC to Second Nature Brands. Solomon Partners was financial adviser to Second Nature Brands.

– Chariot Capital Group completed the acquisition of aesthetic clinic UK Laser Clinics Ltd.

– Abry Partners LLC invested in KaufmanIT Inc., an IT solutions provider for small- and medium-sized businesses. Embarc Advisors was financial adviser, and Brown & Streza LLP was legal adviser to KaufmanIT. Massumi + Consoli LLP was legal adviser to Abry Partners.

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