Accel-KKR Picks Up Recruiting Outsource Biz Pinstripe

Law360, New York (August 2, 2012, 5:48 PM EDT) -- Tech-focused private equity firm Accel-KKR LLC has acquired Pinstripe Inc., a recruitment process outsourcing provider, to infuse the Brookfield, Wis.-based business with the capital it needs to execute its growth plans, Pinstripe said Thursday.

The deal severed the company from its previous financial partners, private equity firm CID Capital, the State of Wisconsin Investment Board and Baird Venture Partners, the venture capital arm of private equity firm Robert W. Baird & Co. Inc.  Baird led an early financing round for Pinstripe in 2005 and added to...
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