Cortec Picks Up Bar Code Scanner Co. From Thompson Street

Law360, New York (November 8, 2012, 3:59 PM EST) -- New York private equity firm Cortec Group has acquired a controlling stake in bar code scanner and point-of-sale system provider BarcodesInc from fellow middle-market investor Thompson Street Capital Partners, the two said Tuesday.

Financial terms of the deal were not disclosed, but Cortec said it backed the purchase — finalized Nov. 2 — using reserves from its fifth fund, a $620 million cache that closed last year. BarcodesInc is the third buy to come out of the fund, Cortec said.

The transaction marks an exit for...
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