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 […]

Genstar Capital completes Take-Private of ERT

Genstar Capital has completed its acquisition of ERT in a take-private transaction valued at approximately $400 million. ERT is a global technology-driven provider of health outcomes services to biopharmaceutical sponsors and contract research organizations. PRESS RELEASE ERT, a global technology-driven provider of health outcomes services to biopharmaceutical sponsors and contract research organizations (CROs), announced today […]

Confie Seguros Buys Three More Insurance Firms

Confie Seguros, which is backed by Genstar Capital, has acquired three more insurance agencies. They include: Bradley Insurance of Las Vegas; A Auto Insurance World of West Palm Beach, Fla.; and, Ontario, Calif.-based Westside Auto. Confie said that it has appointed Chad Maxwell a SVP, mergers & acquisitions. Maxwell was previously a partner with Clear […]

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