NEWS FEED

The Washington Post Sunday - - BUSINESS -

New own­ers: Edelman Financial Ser­vices, the Fair­fax-based financial plan­ning firm, said it agreed to be ac­quired by af­fil­i­ates of Hell­man & Fried­man. The San Fran­cisco-based pri­vate eq­uity firm would own the busi­ness in part­ner­ship with Edelman’s se­nior man­age­ment team and cur­rent ma­jor­ity owner Lee Eq­uity Part­ners. Terms were not dis­closed.

Go­ing pub­lic: In­vestor Mark Ein, owner of the Wash­ing­ton Kas­tles World Team Ten­nis fran­chise and chief ex­ec­u­tive of the Kas­tle Sys­tems build­ing se­cu­rity firm, took pub­lic a bank-check com­pany called Capi­tol Ac­qui­si­tion Corp. III last week, rais­ing $325 mil­lion. The com­pany plans to use the pro­ceeds to buy, merge or in­vest in an­other busi­ness. Ein’s last bankcheck com­pany merged with ad­ven­ture travel firm Lind­blad Ex­pe­di­tions.

New at the top: Learn­ing Tree In­ter­na­tional, a Re­ston-based provider of IT and man­age­ment train­ing, named board mem­ber Richard Spires as chief ex­ec­u­tive, suc­ceed­ing David Collins. Spires, former CEO for Re­silient Net­work Sys­tems, once served as chief in­for­ma­tion of­fi­cer of the Depart­ment of Home­land Se­cu­rity. Collins will re­tain his role as chair­man.

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