Kismet Capital Group and Elbrus Capital completed the acquisition of LLC PPR from FLEETCOR Technologies.

Kismet Capital Group and Elbrus Capital, two private equity firms, completed the acquisition of LLC PPR, a company providing fuel cards from FLEETCOR Technologies, a global corporate payments company. Financial terms were not disclosed. “We concluded the sale of our Russia business this week and are now completely out of the market. We are also announcing the launch of a $450m ASR to buyback FLEETCOR stock,” Ron Clarke, FLEETCOR Technologies Chairman and CEO.