Coms Interactive Raises $21M From Summit

COMS Interactive said it raised a minority investment of $21 million from Summit Partners. The investment will be used for expansion, new products and the redemption of common stock holdings. Other COMS investors include Zapis Capital Group; Next Sparc, LLC; and Portal Capital, LLC.

Acacia Raises $20M From Summit, Matrix, Commonwealth, Egan

Acacia Communications said it raised $20 million in a round led by Summit Partners and joined by existing investors Matrix Partners , Commonwealth Capital Ventures and Egan Managed Capital. Summit Partners Managing Director Peter Chung will join the company’s board.

Summit Partners Backs Hospice Care Company

Heart to Heart Hospice, a 10-year-old, Plano, Texas-based hospice care company, has received a minority investment from Boston-based Summit Partners, the growth equity firm. Terms of the deal aren’t being disclosed.

Payment Alliance Goes Up for Sale

Payment Alliance International is up for sale and expected to draw bids from middle market private equity firms, three sources say. Bank of America Merrill Lynch is advising on the auction

Fortegra Financial Buys ProtectCell

Fortegra Financial Corp., which is backed by Summit Partners, has acquired a majority stake in Digital Leash, which does business as ProtectCell. The deal closed Dec. 31. Financial terms were not announced. Novi, Mich.-based ProtectCell provides wireless device protection plans and mobile services sold to consumers. News of the deal was announced by Quarton Partners, which advised ProtectCell.

Lazada Gets Coin from German Backers

Lazada, the online retailer for Southeast Asia, received €20 million in its German holding company from growth equity investor Summit Partners. The company will use funds to further its growth.

Quadrant and Others Invest in Dafiti Fourth Round

Brazilian fashion online retailer Dafiti has secured a fourth round of investment worth $65 million. The new round is led by New York-based Quadrant Capital Advisors, which committed $32 million. Additional funding will come from AB Kinnevik, Summit Partners and other investors through a German holding company.

FleetCor Concludes Repurchase of Common Stock Shares

FleetCor Technologies has completed its previously announced purchase of approximately 3.85 million shares of FleetCor common stock at $51.91 per share pursuant to a share repurchase agreement with certain of its private equity shareholders associated with Summit Partners and Bain Capital. The share repurchase was effected in a private transaction and FleetCor funded the $200 million aggregate purchase price with borrowings under its credit facilities.

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