Genstar Capital to acquire Prometheus Group from Francisco Partners for over $1bn.

Genstar Capital, a private equity firm, agreed to acquire Prometheus Group, an asset management software company, from Francisco Partners, a private equity investment firm, for over $1bn. Eli Weiss, Managing Director of Genstar, said: "We have invested extensively in software solutions providers similar to Prometheus, and their reputation as a leader in the plant maintenance technology sector is well deserved. Eric and his team have built an integrated easy-to-use platform, and their solutions help transform plant maintenance operations. Prometheus aligns well with our previous investments, and we are excited to work with Eric and his team to help further expand the solutions portfolio and target acquisitions that will broaden the company's suite of services."