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Deal Wrap: Vensana exits Artelon; Bow River invests in Arctic Air

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

– Stryker Corp. completed its purchase of Artelon Inc., which specializes in soft tissue fixation products. Vensana Capital Management LLC was the private equity seller in the transaction.

– Bow River Capital made a strategic investment in Arctic Air Holdings LLC, a heating, ventilation, air conditioning and plumbing company. Arctic's founder, Scott Whitaker, remains the company's largest individual shareholder.

– GHK Capital Partners LP finalized the sale of Supreme Cabinetry Brands Inc. in a $520 million cash deal with buyer MasterBrand Inc. Jefferies LLC was lead financial adviser and Harris Williams LLC also provided financial advice. Davis Polk & Wardwell LLP and Fredrikson & Byron PA were legal advisers to the cabinetry manufacturer on the deal.

– Kepler Acquisition Corp., now known as ESE Entertainment Inc., agreed to sell its remaining 30% minority stake in 9327-7358 Quebec Inc., a Canadian advertising technology company doing business as GameAddik, to an affiliate of BlackPines Capital Partners Ltd. for a total cash consideration of about C$4 million. BlackPines had previously acquired ESE's 70% interest in GameAddik.

– Valesco Industries Inc. acquired a majority stake in wellness equipment provider Earthlite LLC, buying out the previous ownership group. Valesco and a senior lender also respectively provided subordinated debt and a revolver as part of the transaction, which represents the third investment out of the private equity firm's Valesco Fund III LP. CIBC Capital Markets was Earthlite's financial adviser.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.