109 Views

Franklin Square supports iSqft and CMD merger

Franklin Square Capital Partners has provided undisclosed funding to back the merger of iSqFt and CMD Group. Based in Norcross, Georgia, Warburg Pincus-based CMD provides construction information in North America while Cincinnati-based Isqft, which is backed by Genstar Capital, provides software and bid information for the commercial construction industry.

152 Views

Genstar-backed Asset International hires Mandelbaum as CEO and president

Asset International Inc, a portfolio company of Genstar Capital, has named Joel Mandelbaum as CEO and president. Also, Mandelbaum has made an undisclosed investment in Asset International. Previously, he was an entrepreneur in residence at Warburg Pincus. Based in New York, Asset International is a provider of critical data, business intelligence and information services for the global investment management sector.

156 Views

Genstar Capital appoints Clark as president

Genstar Capital has named J. Ryan Clark as president. Clark has been with Genstar since 2004; in 2011, he was appointed managing director. Prior to joining the firm, Clark worked at Hellman & Friedman LLC and Morgan Stanley.

489 Views

Genstar Fund VII closes at $2 bln

Genstar Capital said Monday that its most recent fund closed at $2 billion, exceeding its initial target of $1.5 billion. Genstar said the GP will commit a “meaningful” amount of additional capital. Evercore served as placement agent for Genstar Capital Partners VII. San Francisco-based Genstar targets sectors including financial services, software, industrial technology, and healthcare.

162 Views

Isqft and CMD Group merge

Isqft and CMD Group have merged. CMD provides construction information in North America, while Isqft supplies cloud-based software tools, data and analytics to the commercial construction industry. Isqft, of Cincinnati, is backed by Genstar Capital. Norcross, Georgia-based CMD, formerly Reed Construction Data and Construction Market Data, is owned by Warburg Pincus and Reed Business Information Services.

164 Views

Asset International buys Financial Webworks

Asset International Inc. said Monday it has acquired Financial Webworks. Financial terms weren’t announced. Financial Webworks, of Munich, provides fund data, regulatory documentation and marketing materials to fund distributors in Germany. Asset International is a portfolio company of Genstar Capital.

166 Views

Lovell Minnick completes Mercer sale

Lovell Minnick Partners said Monday it closed the sale of Mercer Advisors to Genstar Capital. Financial terms weren’t announced. Santa Barbara, California-based Mercer is a registered investment advisor that provides wealth management services to clients throughout the United States.

319 Views

Genstar-backed iSqFt picks up financing from Franklin Square

iSqFt, a portfolio company of Genstar Capital, has secured undisclosed financing from Franklin Square Capital Partners’ FSIC funds, which are sub-advised by Blackstone’s GSO Capital Partners LP. According to the company, the capital infusion will recapitalize iSqFT’s balance sheet and back its acquisitions of construction data companies BidClerk and CDC Publishing. Based in Cincinnati, Ohio, iSqFt is a provider of cloud-based software tools, data and analytics for building product manufacturers, general contractors and subcontractors.

246 Views

Asset International buys Intelligent Financial Systems

Asset International Inc. has acquired Intelligent Financial Systems. Financial terms weren’t announced. London-based Intelligent Financial provides financial market data research and trade execution quality analysis to banks, brokers, asset managers and trading venues. Asset International is a portfolio company of Genstar Capital.

168 Views

Genstar invests in Boyd Corp

Genstar Capital has made an undisclosed investment in Boyd Corp. UBS Investment Bank was the financial advisor in the transaction. Based in Modesto, California, Boyd Corp is a provider of energy management and environmental sealing solutions.

250 Views

Lovell Minnick Partners to sell majority stake in Mercer Advisors to Genstar

Genstar Capital has agreed to acquire a majority stake in Mercer Advisors from Lovell Minnick Partners. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of this year. Moelis & Company served as exclusive financial advisor to Mercer on the deal. Based in Santa Barbara, California, Mercer Advisors is a provider of wealth management services.

162 Views

Univita Health secures $40 mln loan

Univita Health said Tuesday it secured a $40 million credit facility from Genstar Capital and a private lender. Miramar, Fla.-based Univita provides post-acute and home healthcare solutions. GLC Advisors & Co. acted as financial advisor to Univita.

129 Views

Macquarie and Golub back NetSmart’s dividend recap

Macquarie CAF Lending and Golub Capital have provided a $250 million facility to support a dividend recap of NetSmart Technologies, said a source at the Macquarie Group. NetSmart Technlogies, which is backed by Genstar Capital, is a provider of electronic medical records for the behavioral health sector.

246 Views

Genstar Capital-backed ERT to acquire PHT Corp

EResearch Technology Inc, a portfolio company of Genstar Capital, has agreed to buy PHT Corp. No financial terms were disclosed. Jefferies LLC and Cain Brothers & Co. advised ERT on the transaction while Crosstree Capital Partners Inc was financial advisor to PHT. Headquartered in Boston, PHT helps collect patient-driven data via smartphones, tablets and the web.

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