PE-backed Albireo Energy buys Alabama Controls


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Albireo Energy, which is backed by Huron Capital, has acquired Alabama Controls, a provider of building automation and HVAC control solutions as well as equipment and parts sales. No financial terms were disclosed.

PRESS RELEASE

Detroit, MI – July 18, 2019 – Lower-middle-market private equity firm Huron Capital today announced its building automation and energy services platform, Albireo Energy, has acquired Alabama Controls, Inc. (“Alabama Controls” or “the Company”), a provider of building automation and HVAC control solutions as well as equipment and parts sales.

To date Albireo has invested in 15 companies through nine separate acquisitions. Albireo is an ExecFactor ® initiative launched by Huron Capital to provide smart building automation and energy services to commercial and institutional customers throughout the U.S. The partnership with Alabama Controls deepens and further diversifies Albireo’s customer base in the government and higher education sectors and broadens Albireo’s national footprint to

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Thomson Reuters acquires HighQ


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Thomson Reuters has acquired London-based HighQ, a collaboration platform for the legal and regulatory market. No financial terms were disclosed. HighQ is a portfolio company of One Peak Partners, Goldman Sachs Private Capital and Morgan Stanley Expansion Capital.

PRESS RELEASE

TORONTO and LONDON, July 18, 2019 /PRNewswire/ — Thomson Reuters (TSX/NYSE: TRI) today announced that it has acquired HighQ, a leading collaboration platform for the legal and regulatory market. Based in London with offices in the United States, Germany, the Netherlands, Australia and India, HighQ offers a secure cloud-based platform for business collaboration, workflow automation and client engagement. HighQ currently serves more than 400 customers, including more than half of the Global 100 largest law firms.

Thomson Reuters provides its customers with solutions that help them generate more efficiencies, lower costs, improve accuracy and reduce risk. This acquisition will expand on the company’s strategic objective to provide more cloud-based

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Lightyear-backed Wealth Enhancement to buy AEPG Wealth Strategies


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Wealth Enhancement Group, a Lightyear Capital portfolio company, said July 18 that agreed to buy AEPG Wealth Strategies. Financial terms weren’t announced. AEPG, of Warren, New Jersey, is an RIA with more than $1 billion in combined client assets.

PRESS RELEASE

MINNEAPOLIS, July 18, 2019 /PRNewswire/ — Wealth Enhancement Group, an independent wealth management firm that oversees $11.8 billion in client assetsi, today announced that it has signed a definitive agreement to acquire AEPG Wealth Strategies, a registered investment advisor business based in Warren, N.J., with more than $1 Billion in combined client assetsii. The transaction is the firm’s 13th acquisition over the past six years, and marks Wealth Enhancement Group’s first location in New Jersey. The transaction bolsters the firm’s East Coast presence, while intensifying its ongoing momentum in establishing Wealth Enhancement Group as a leading national wealth management and financial planning brand, driven by

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Ardian-backed Kersia buys Choisy Laboratories


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Kersia, an Ardian portfolio company, said July 18 that it acquired Choisy Laboratories. Financial terms weren’t announced. The Trudeau family and Champlain Financial Corp were the sellers. Choisy, of Canada, develops and makes chemical, biotechnological and biosecurity hygiene solutions.

PRESS RELEASE

ARDIAN-BACKED KERSIA ACQUIRES CHOISY LABORATORIES

Paris, July 18, 2019 – Kersia, the global leader in food safety, announces the acquisition of Choisy Laboratories (“Choisy”), a leading developer and manufacturer of chemical, biotechnological and biosecurity hygiene solutions based in Canada, from the Trudeau family and Champlain Financial Corporation.

This transaction grows Kersia’s geographical footprint in North America, allowing the company to expand its presence in new sub-segments and to acquire new technologies; it has been completed with the support of Ardian, its majority shareholder.

Founded in 1946 and headquartered in Louiseville (Quebec), Choisy focuses on research, manufacturing and marketing of food safety & biosecurity solutions, with a strong focus

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Fresh Direct Produce buys Emperor Specialty Foods


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Fresh Direct Produce Ltd, a portfolio company of HKW, has acquired Emperor Specialty Foods. Financial terms weren’t announced. Emperor, of Richmond, British Columbia, distributes mushrooms, pears, and other specialty fruits and vegetables.

PRESS RELEASE

HKW Announces Add-on Acquisition by Fresh Direct Produce

 

INDIANAPOLIS, IN – July 18, 2019 – HKW, a middle-market private equity firm focused on growth-oriented companies, today announced that its portfolio company, Fresh Direct Produce, Ltd. (“Fresh Direct Produce”), has acquired Emperor Specialty Foods (“Emperor”). Financial terms of the transaction were not disclosed.

 

Founded in 1986, Emperor is a distributor of mushrooms, pears, and other specialty fruits and vegetables. This add-on provides meaningful growth opportunities for Fresh Direct Produce, which distributes more than 1,000 domestic, imported, and organic fruit and vegetable items. Emperor is headquartered in Richmond, BC, Canada.

 

“With a talented management team and range of complementary products, we are confident Emperor will

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Curaleaf to buy Grassroots for $875 mln


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Curaleaf Holdings Inc said July 17 that it agreed to buy GR Companies Inc, or Grassroots, for about $875 million in cash and stock. Grassroots, of Chicago, grows, processes and sells medical cannabis. In March, the company raised $90 million of VC funding, in the form of convertible debt, from undisclosed investors, PitchBook said.

PRESS RELEASE

Curaleaf to Acquire Salveo Capital Portfolio Company Grassroots, Creating the World’s Largest Cannabis Company

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf”), a leading vertically integrated cannabis operator in the United States, today announced it has signed a definitive agreement to acquire GR Companies, Inc. (“Grassroots”), the largest private vertically-integrated multi-state operator, in a cash and stock deal valued at approximately $875 million. This transaction solidifies Curaleaf’s position as the world’s largest cannabis company by revenue and the largest in the U.S. across key operating metrics.

The highly complementary acquisition brings together

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Summit Partners sells Healthline to Red Ventures


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Red Ventures has acquired Healthline Media from Summit Partners. No financial terms were disclosed. Healthline is a publisher of consumer health and wellness information sites. J.P. Morgan Securities LLC advised Red Ventures while K&L Gates provided legal advice.

PRESS RELEASE

CHARLOTTE, NC – Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC, has acquired Healthline Media (“Healthline”), a publisher of two of the four largest consumer health and wellness information sites in the world, from Summit Partners for an undisclosed amount. Through authoritative health and wellness content, Healthline reaches over 150 million visitors a month globally, more than any other online health publisher.

“The healthcare sector is facing rapid disruption, and Healthline is one of the most trusted and fastest growing sources of information for consumers in their personal healthcare journey,” said Red Ventures CEO, Ric Elias. “We see a tremendous opportunity to combine our digital marketing

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Orion Business buys Behavior Design, Cabeus


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Orion Business Innovation, a portfolio company of One Equity Partners, said July 17 that it acquired Behavior Design and Cabeus. Financial terms weren’t announced. Behavior Design, of New York, is a user experience strategy and design firm. Cabeus provides digital transformation, regulatory information management, quality management systems, and digital health initiatives for life sciences.

PRESS RELEASE

Orion Completes Two Strategic Acquisitions, Accelerating Growth as New Class of Player Among Digital Transformation Solutions Providers

 

Tech leader acquires NYC-based UX strategy and design company Behavior Design and pharma & life sciences Cloud Solution firm Cabeus

NEW YORK & LONDON & MUMBAI, India–July 17, 2019–Orion Business Innovation (“Orion”), a fast-growing, global technology services firm, today announced that it has acquired two companies in July: Behavior Design and Cabeus, to expand its cross-industry foothold, accelerate its growth strategy, and further position itself as the premier business solution and technology services

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Gemspring-backed TMP buys Perengo


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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TMP Worldwide, a portfolio company of Gemspring Capital, said July 17 that it acquired Perengo. Financial terms weren’t announced. Perengo provides a programmatic recruitment platform that aims to help large companies automate and improve their recruitment process.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–TMP Worldwide, a global leader in talent acquisition technologies, announced that it has acquired Perengo, a programmatic recruitment platform that helps large companies automate and improve their recruitment process. The Perengo team, with experience rooted in state-of-the-art ad-tech, has developed a pioneering, AI-driven programmatic recruitment platform. By combining Perengo’s technology with TMP’s TalentBrew platform’s proprietary network intelligence, the outcome is an offering that will be transformative to our customers. TMP Worldwide can now deliver end to end, personalized candidate experiences via an AI driven, multi-channel candidate acquisition strategy optimized to meet quality, efficiency and time-to-fill objectives for each job.
“The acquisition of Perengo further advances our commitment

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McDermott Will & Emery buys Farragut Square Group


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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McDermott Will & Emery, a healthcare focused law firm, has acquired Farragut Square Group. Financial terms weren’t announced. Farragut is a healthcare research and advisory firm.

PRESS RELEASE

WASHINGTON, July 16, 2019 /PRNewswire/ — McDermott Will & Emery, the leading health care law firm, announced today that they have acquired Farragut Square Group, a premier health care research and advisory firm. Farragut’s regulatory and reimbursement experts will join McDermott+Consulting, the firm’s policy, lobbying and data analytics health care consultancy.
This combination brings together two highly complementary businesses to create the foremost data-driven health care and life sciences consultancy and provide real synergies for clients. The more comprehensive McDermottPlus will bring a full suite of policy advisory services backed by deep domain expertise ranging from medtech and life sciences to health care services on one platform.
“The health care universe is constantly changing and we’re committed to helping our clients

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PE-backed Fenix Parts to buy CTV assets


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Fenix Parts, which is backed by Stellex Capital, has agreed to acquire the assets of Georgia-based Cox Truck and Van Inc, an operator of a full-service auto recycling facility. No financial terms were disclosed.

PRESS RELEASE

HURST, TX July 16th, 2019 – Fenix Parts, Inc. (“Fenix”), a leading recycler and reseller of original equipment manufacturer automotive products, today announced the execution of a definitive agreement whereby Fenix Parts will acquire the assets of Cox Truck and Van, Inc. (“CTV”). The parties expect the acquisition to be completed in July. CTV, founded in 1977, operates a full service auto recycling facility in Gainesville, GA and both full service and self service facilities in Moultrie, GA. The Georgia locations will be key additions to the Southeast supply chain at Fenix Parts.

Bill Stevens, CEO of Fenix Parts, said, “We are pleased to announce this agreement with CTV. We look forward

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Invitae to buy VC-backed Jungla


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Invitae Corporation has agreed to acquire Jungla, a provider of an AI-driven biotech firm, for about $50 million. Latham & Watkins advised Jungla on the transaction. Jungla is backed by Andreessen Horowitz.

PRESS RELEASE

SAN FRANCISCO, July 11, 2019 /PRNewswire/ — Invitae Corporation (NYSE: NVTA), a leading medical genetics company, today announced it has entered into a definitive agreement to acquire Jungla Inc., a privately held company funded by Andreessen Horowitz (a16z) that has developed a cloud-based platform that combines clinical knowledge with advances in functional genomics, biophysics, cellular engineering, machine learning, and distributed systems to help clinicians and patients understand the results of genetic and genomic tests. The combination is expected to further enhance Invitae’s genetic variant interpretation and ability to deliver high-quality, more affordable genetic testing for use in mainstream medical care.

Separately, Invitae announced the addition of RNA analysis to its commercial testing, beginning with

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CORA Health buys Orthopedic and Sports Therapy Institute


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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CORA Health Services Inc, a portfolio company of Gryphon Investors, said July 16 it acquired Orthopedic and Sports Therapy Institute (OSTI). Financial terms weren’t announced. OSTI provides orthopedic, sports and industrial rehabilitation.

PRESS RELEASE

CORA Physical Therapy Increases Presence in Illinois with Acquisition of Six Clinics in Rockford
San Francisco – July 16, 2019 – CORA Health Services, Inc., doing business as CORA Physical Therapy (“CORA” or “the Company”), a top-10 national operator of outpatient physical therapy services, announced today that it has expanded its Midwest footprint with the acquisition of Orthopedic and Sports Therapy Institute (“OSTI”).

OSTI was founded in 1999 and operates clinics in Rockford, Belvidere, Marengo, Ogle County, Poplar Grove and Sauk Valley. The group offers a wide variety of services, including general physical therapy and specialty programs in balance and fall prevention, golf performance, oncology rehabilitation, pain management, pediatric rehabilitation,running performance, spinal manipulation,

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PE-backed HFRI acquires PARA


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Healthcare Financial Resources, which is backed by Housatonic Partners, has acquired PARA HealthCare Financial Services, a provider of market-based pricing tools, analytics products, and consulting services for healthcare organizations. No financial terms were disclosed.

PRESS RELEASE

CHICAGO–(BUSINESS WIRE)–Healthcare Financial Resources (HFRI), a leader in healthcare accounts receivable (AR) recovery and resolution management, today announced the acquisition of PARA HealthCare Financial Services, a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations.

HFRI is backed by Housatonic Partners, a San Francisco and Boston-based private equity firm.
The partnership extends HFRI’s revenue cycle capabilities by incorporating front-end reimbursement, pricing, coding and contract management competencies into the company’s advanced AR solutions.

“We are excited about joining forces with PARA,” said Jerry Connelly, President and Chief Executive Officer of HFRI. “Like us, they’ve developed an extremely powerful set of revenue cycle tools

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Keystone Partners buys Kensington International’s career transition and leadership development business operations


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Keystone Partners, a portfolio company of Silver Oak Services Partners LLC, has acquired Kensington International’s career transition and leadership development business operations. No financial terms were disclosed.

PRESS RELEASE

OAKBROOK, ILL. (PRWEB) JULY 15, 2019
Kensington International Inc. announced that it sold its career transition and leadership development business operations to Keystone Partners, a founding member of Career Partners International and a portfolio company of Silver Oak Services Partners LLC.

Kensington International’s legacy Talent Management business consisting of three separate business units (executive search, career transition and leadership development) has a strong history of delivering all of its talent management services to customers across the US and around the globe.
Its executive and middle management search business will now operate and as a stand-alone entity and continue to serve all of its primary markets and customers.

John Myers, a Founder and the original Managing Partner responsible for Kensington

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RedBird and Reverence to buy Vida


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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RedBird Capital Partners and Reverence Capital Partners have agreed to acquire Austin, Texas-based Vida Capital Inc, an alternative asset management platform. No financial terms were disclosed. The deal is expected to close in the fourth quarter of this year. Moelis & Co. served as financial adviser to Vida on the transaction.

PRESS RELEASE

AUSTIN, TEXAS AND NEW YORK – July 15, 2019 – RedBird Capital Partners (“RedBird”) and Reverence Capital Partners (“Reverence”) today announced they have entered into a definitive agreement to acquire Vida Capital, Inc. (“Vida”), an alternative asset management platform specializing in non-correlated investment strategies. Vida’s President and CEO, Jeff Serra, along with members of the management team, will invest alongside RedBird and Reverence in the transaction. The proposed transaction, which is expected to close by the fourth quarter of 2019, is subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction were

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Ezlo Innovation acquires Centralite Systems


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Ezlo Innovation has acquired Alabama-based Centralite Systems, a maker of smart home devices. No financial terms were disclosed. Ezlo Innovation is backed by MAVeCap.

PRESS RELEASE

CLIFTON, N.J.–(BUSINESS WIRE)–Ezlo Innovation, a global leader in the development of smart solutions for homes and businesses, today announced the acquisition of Alabama-based Centralite Systems, maker of the Centralite line of consumer and white-labeled smart home devices. The acquisition adds another strategic piece to Ezlo’s growing family of brands, and gives their customers even more choice in which smart products they use to add convenience and comfort to their everyday lives.

With the acquisition, Ezlo Innovation expands its product portfolio to include smart thermostats, switches, and sensors, which will integrate seamlessly with its Vera controller and camera product lines. The acquisition moves Ezlo closer to its goal of becoming a technology-agnostic platform, and its stated promise to connect to everything in

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Clerio Vision buys VC-backed HVC


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Clerio Vision has acquired Sarasota, Florida-based Hydrogel Vision Corporation, a maker of contact lens. No financial terms were disclosed. Clerio Vision’s backers included Safar Partners, Stonehenge Growth Equity and Armory Square Ventures.

PRESS RELEASE

ROCHESTER, N.Y., July 15, 2019 /PRNewswire/ — Clerio Vision, Inc., a developer of laser-based vision correction solutions, announced today that it has acquired Hydrogel Vision Corporation (HVC). The transaction brings together HVC’s long-standing expertise in the manufacturing and distribution of high performance contact lenses with Clerio’s innovative product pipeline.

HVC, founded in 2002, is best known for its Extreme H2O product line and its multiple differentiated offerings that personalize the contact lens wearing experience. For instance, HVC offers lenses in multiple diameters, with smaller lenses to more comfortably fit those with smaller corneas or narrower eyelids, and larger lenses for those with larger corneas or for improved sports performance.

HVC contacts are

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PE-backed KDC/One to acquire Swallowfield’s manufacturing biz


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Longueuil, Québec-based Knowlton Development Corporation, a custom formulator and manufacturer serving the beauty, personal care and household sectors, has agreed to acquire Swallowfield‘s manufacturing business and associated assets. The price of the transaction is about 35 million pounds or about C$57 million. The deal is expected to close in August 2019. KPMG is serving as financial adviser to KDC/ONE on the deal with Weil, Gotshal & Manges providing legal advice. And, Baylor Klein is acting as financial adviser to Swallowfield plc, while Ashfords LLP is providing legal advice. KDC/One is backed by Cornell Capital, Caisse de dépôt et placement du Québec, Investissement Québec and HarbourVest Partners.

PRESS RELEASE

LONGUEUIL, Quebec, July 15, 2019 /PRNewswire/ — Knowlton Development Corporation (“KDC/ONE”), a leading value-added partner to beauty, health and personal care brands, today announced that it has entered into a conditional agreement to acquire the Manufacturing business and associated assets

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Yak Access buys Klein’s Restoration Services


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Yak Access LLC, a portfolio company of Platinum Equity, has acquired Canton, Ohio-based Klein’s Restoration Services, a provider of services including restoration, matting, site development and construction, and traffic control solutions, primarily to the powerline industry. No financial terms were disclosed.

PRESS RELEASE

LOS ANGELES, July 12, 2019 (GLOBE NEWSWIRE) — Yak Access LLC, a portfolio company of Platinum Equity, announced today it has acquired Klein’s Restoration Services. Financial terms were not disclosed.

Based in Canton, Ohio, Klein’s provides a broad range of services including restoration, matting, site development and construction, and traffic control solutions, primarily to the powerline industry.

Yak Access, based in Columbia, Miss., is a comprehensive access solutions company providing matting solutions, installation and removal of temporary roads, construction of permanent access roads, and civil services for various industries throughout North America. Platinum Equity acquired a majority stake in Yak Access in July

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