Talisman Capital Partners is in talks to sell Turning Technologies to Brockway Moran & Partners. News of the deal was disclosed on the FTC website, which lists the transaction as having received early approval.
In 2006, Columbus, Ohio-based Talisman acquired Turning Technologies via a recapitalization. It’s not clear how much Talisman owns of Turning Tech.
Turning Tech, of Youngstown, Ohio, makes polling software, handheld response devices and response receivers. The company sells its products to schools, universities, enterprises and government agencies, according to the company website.
Brockway Moran, of Boca Raton, Fla., is a PE shop with more than $1.3 billion in capital under management. The investment is coming from Brockway Moran & Partners Fund III LP, which raised $700 million in 2006.
No one from Talisman, Brockway and Turning Tech could be reached for comment.