Controlling Interest in Right Start Sold
The Right Start Inc., a Westlake Village maker of children’s products, said an investor group led by Kayne, Anderson Investment Management Inc. has acquired 3,937,000 shares of the company’s common stock, or 62% of the shares outstanding.
The group bought the shares from American Recreation Centers Inc. At the close of the transaction, Richard A. Kayne and Jerry R. Welch of Kayne, Anderson were appointed to Right Start’s board of directors, replacing Robert A. Crist and Robert Feuchter of American Recreation, and Stanley B. Schneider, who resigned.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.