GTCR, a private equity firm, completed the acquisition of a 14.8% stake in Gogo, an inflight internet company. Financial terms were not disclosed. "We believe Gogo's decision to focus on its leading business aviation business will create a stronger company that is well-positioned to grow in an attractive market. We look forward to supporting Gogo as it completes the sale of the commercial aviation business and seeks to capitalize on the compelling opportunity in business aviation," Mark Anderson, GTCR Managing Director.