Genstar-backed Tecomet to buy medical component maker

Genstar Capital-backed Tecomet Inc. has agreed to buy a high precision surgical instrument making unit out of Symmetry Medical Inc. for $450 million. The business unit, OEM Solutions, has more than 450 customers, nearly 2,300 employees and 13 facilities in the U.S., U.K., Ireland, France and Malaysia. The deal is expected to close in the fourth quarter.


PE-backed MW Industries buys Hi-Performance Fastening Systems

MW Industries, which is backed by Genstar Capital, has acquired Hi-Performance Fastening Systems. No financial terms were disclosed. Based in Bensenville, Illinois, Hi-Performance Fastening Systems is a maker of precision products for the appliance, automotive, communication and housing markets.


Genstar Capital to Sell Evolution1 to WEX

Genstar Capital is to sell Evolution1 to WEX for $532.5 million. Evolution1 provides software, payment and mobile solutions that administer and manage consumer directed healthcare accounts.

Genstar hires VP of investor relations

Genstar Capital said Tuesday that it has named Gretchen L. Robinson in the new position of vice president of investor relations. Previously, Robinson worked at Capital Dynamics where she most recently served as vice president in investment management.

Aquiline, Genstar Ink $412.5 Mln Buy of Genworth Wealth Management

Genworth Financial has agreed to sell Genworth Wealth Management to Aquiline Capital Partners and Genstar Capital for $412.5 million. The deal, which is expected to close in the second half, includes Genworth Financial Wealth Management and Altegris. Credit Suisse is providing debt financing. Aquiline and Genstar were advised by Deutsche Bank.

Genstar Promotes Weiss and Golde

Genstar Capital has promoted Eli P. Weiss to principal and David J. Golde to vice president. Genstar is a middle market private equity firm that focuses on investments in selected segments of the insurance and financial services, software, life sciences, healthcare, and industrial technology industries.

Genstar Sells Insurance Broker to ABRY Partners

As expected, ABRY Partners has acquired Confie Seguros. Boston-based ABRY Partners is buying the majority stake held by Genstar Capital. Financial terms of the transaction, which closed Nov. 9, weren’t announced. RBC Capital Markets and GE Capital provided debt financing.

Confie Seguros, Backed by Genstar, is Up for Sale: UPDATED

Genstar Capital has put Confie Seguros on the block, three sources say. New York.-based Confie Seguros–which means “trusted insurance advisor”– is an insurance broker that targets Hispanic consumers. Confie produces more than $50 million EBITDA and is seeking bids of 10x, one private equity exec says.

Genstar-Backed ERT Acquires Invivodata

ERT, a Philadelphia-based services company catering to biopharmaceutical sponsors and contract research organizations (CROs), has acquired Pittsburgh-based  invivodata, a producer of of electronic Patient Reported Outcomes (ePRO) solutions. ERT was acquired last week by the San Francisco-based private equity firm Genstar Capital. PRESS RELEASE: ERT, a global technology-driven provider of health outcomes services to biopharmaceutical […]

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