Genstar invests in PSKW

Genstar Capital said Wednesday that it made a “substantial” investment in PSKW. Financial terms weren’t announced. Bedminster, New Jersey-based PSKW provides patient prescription medication assistance solutions and payment reimbursement services.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.

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