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Private Equity

Eurazeo Wants Out of Europcar

The investment firm is looking to sell its 29.8% stake in Europcar by September. If a new owner doesn’t emerge, the company would enter talks on a debt restructuring deal.

Lightning Systems Raises $41M for Electric Powertrain Ramp Up

The proceeds from the new funding will be used to ramp up production to fulfill new orders for electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet Low Cab Forward 6500XD trucks, and Lightning Electric city buses.

Private Equity Fuels Agilis Telematics Expansion

Agilis Systems will expand its offering of fleet management technology following a "significant investment" from private equity firm Spectrum Equity, the Chesterfield, Missouri-based telematics provider announced. The amount of the investment wasn't disclosed.

Spireon Sold to N.Y. Private Equity Firm

New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.

GPS Insight Raises Private Equity Investment

Telematics vendor GPS Insight has acquired an investment from private equity firm Bregal Sagemount that will fund the company's continued growth as a provider of cloud-based fleet management software, the Scottsdale, Ariz.-based company announced.

Digital License Plate Company Receives $11M Investment

Reviver Auto has closed an $11.1 million funding round for the development of its digital license plate, which is designed in part to help fleet management companies streamline vehicle registration and vehicle tracking.

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