Golfer Greg Norman's Great White Shark Opportunity Fund has bought Laser Pegs, a maker of construction toys based in Sarasota, Fla.,
the
Tampa Bay Business Journal
reported.
Financial terms of the deal were not disclosed, the article said.
Norman established the fund — part of his family enterprise — in March 2015 with $75 million in capital, the journal article said, citing a Bloomberg report.
Laser Pegs Investment Holdings, owned and controlled by Great White Shark Opportunity Fund, acquired all of Laser Pegs' assets and its patent portfolio, the journal reported.
The Great White Shark Opportunity Fund has invested in diverse areas that include health care, golf technology and interior design services for national builders, the article said. The fund plans to launch a pizza vending machine in March, the article said. (Source:
Tampa Bay Business Journal
, Feb. 11, 2016.)
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