Announced
Completed
Financials
Sources
Tags
Majority
Private
Cross Border
Acquisition
Private Equity
Single Bidder
Friendly
Financial Data and Systems
United States
financial services
Completed
Synopsis
Private equity firms Stone Point Capital and GIC Private completed the acquisition of a majority stake in Ascensus, an American financial services company, from Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Financial terms were not disclosed. "Their commitment will only strengthen our ability to continue investing in new capabilities, technology, and solutions; enhance our already world-class client service levels; and attract top talent to our organization," David Musto, Ascensus President and CEO.
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