Comvest Partners and JW Levin Management Partners have announced the acquisition of portable fans and heaters designer and manufacturer Lasko Holdings.
All the companies involved in the transaction are based in the US.
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Alibaba has announced its plans to acquire a 32% stake in Sanjiang Shopping Club for more than CNY2bn ($290m).
The acquisition is part of Alibaba's plans to expand its traditional offline and online models aimed at replacing distributors and middlemen to enable stores to buy directly from suppliers.
