Sullivan Street exits Octavius; Smith Ventures acquires Green Dot assets

Deal Wrap is updated as of 3 p.m. ET.

– Smith Ventures, LLC is set to acquire the nonbank assets and operations of financial technology platform Green Dot Corp. for $690 million. Stephens Inc. was financial adviser and King & Spalding LLP was legal adviser to Smith Ventures. Citi was financial adviser and Wachtell Lipton Rosen & Katz was legal adviser to Green Dot.

– Sullivan Street Partners Ltd. exited civil engineering and transportation infrastructure business Octavius Infrastructure Ltd. in a sale to RSK Group Ltd. Taylor Wessing was legal adviser and Alvarez & Marsal was financial adviser to Sullivan Street.

– Truelink Capital Management LLC is set to acquire Kyocera Industrial Tools Inc., a building materials supplier doing business as SouthernCarlson Inc., from Kyocera Corp.

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