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.