Ropes & Gray Advises Summit Partners on Acquisition of UK-Based Masternaut
Ropes & Gray advised Summit Partners on its joint venture with FleetCor to acquire UK-based Masternaut from Francisco Partners. Terms of the deal, which was announced June 4, were not disclosed. Masternaut is a leading European provider of telematics solutions to commercial fleet customers in 32 countries.
The cross-practice team from Ropes & Gray included private equity partners Newcomb Stillwell and Will Rosen and tax partner Brenda Coleman, as well as private equity associate John Newton.