Burr & Forman advised FleetCor Technologies Inc. on an acquisition and a new round of financing. Partner Deborah Franz led the work for Burr along with Martin Tilson, who has since left the firm. They worked with FleetCor general counsel Sean Bowen.
In the first deal, FleetCor acquired lodging-management technology provider Corporate Lodging Consultants of Wichita, Kan., from private equity firm Nautic Partners LLC for undisclosed terms. Edwards Angell Palmer & Dodge advised Nautic Partners.
Shortly after the acquisition, Fleetcor raised $100 million in equity to help finance the transaction. FleetCor raised the funds from a group led by Summit Partners, its majority shareholder.
FleetCor, of Norcross, sells fleet cards that track fuel usage to companies that manage vehicle fleets and to oil companies. FleetCor provides data processing for the fleet cards. Its clients include BP, Chevron, Citgo and MasterCard.