Deal Wrap is updated as of 4 p.m. ET.
– Instant Brands Inc. completed the sale of its appliance business to an affiliate of private equity firm Centre Lane Partners LLC. Davis Polk & Wardwell LLP served as legal counsel to Instant Brands.
– TJC LP disclosed that an affiliate of The Resolute Fund V LP agreed to sell the electron device business of Communications & Power Industries LLC to TransDigm Group Inc. Harris Williams LLC and Goldman Sachs & Co. LLC are financial advisers for TJC and CPI, while Kirkland & Ellis LLP is serving as legal counsel. Evercore is the financial adviser to TransDigm Group, and BakerHostetler is acting as legal counsel.
– Niterra Co. Ltd. made a strategic joint-partnership investment in telemedicine and home healthcare company Vivalin Medical Inc. The investment was made through Niterra's CVC fund, jointly operated with private equity firm Pegasus Tech Ventures Inc.
For additional private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.