Clearlake Capital Group LP has closed a deal for Agilysys Inc.’s retail services unit for $35 million.
The unit is now a stand-alone company named Kyrus Solutions Inc., headquartered in Greenville, S.C. The business provides technology and managed services to the retail market, including retail point-of-sale, self-service and wireless mobility services.
The deal was announced in June.
Clearlake is a Santa Monica, Calif.-based private equity firm that manages more than $1.4 billion in equity capital. In May, the firm agreed to take online retailer Bluefly Inc. private. The firm closed its third fund with $785 million in capital commitments in January.