Alaris Royalty (TSE:AD.UN) has released an update.
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Alaris Equity Partners has completed a significant recapitalization transaction with Ohana Growth Partners, a leading Planet Fitness franchisee, boosting its managed assets to over CAD$2.2 billion. This deal includes a $120 million investment from a third-party investor and Alaris’ $130 million investment in Ohana, providing Alaris with a controlling interest in the franchise. The transaction enhances Alaris’ asset management portfolio and positions it for future growth in managed investment assets.
For further insights into TSE:AD.UN stock, check out TipRanks’ Stock Analysis page.
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