Articles tagged "Genstar Capital"
Headline
Publish date
Genstar buys sprawling RIA and BD compliance complex from Lovell Minnick to widen roll-up efforts
The $33-billion private equity firm adds '$1-trillion' Foreside Financial as 'signature' holding and sees 'secular GRC tailwinds' in making compliance into a more widely outsourced service
July 7, 2021 at 7:24 PM
Ascensus sells for $3 billion after failing to draw buyers for one-third less in 2018, but faith and patience pay off with 50% premium on deal
Investors Genstar, Aquiline and Atlas sold Ascensus for a deal valued at $3 billion to rollup IPO-prep experts at Stone Point, according to reports.
May 1, 2021 at 5:21 AM
After $2-billion asking price for Ascensus gets no bites, Genstar and Aquiline opt to sell 25% stake to juice roll-up kitty
Atlas Merchant Capital and GIC are the new financiers but the capital raise suggests inorganic growth is still Plan A
March 11, 2019 at 6:39 PM
CEO Robert Moore's abrupt departure from Cetera for 'health reasons' throws dark clouds over ambitious expansion plans for star-crossed broker-dealer
The official version is health concerns but people close to the firm cite Moore cross swords with Genstar; ex-Schwabbie Ben Brigeman steps in as CEO search launches
February 20, 2019 at 7:24 PM
RIA in a Box gunning for top-notch staff as it readies for Aquiline-fueled roll-up binge, targeting old-school, mom-and-pop compliance competitors
With Ascensus also in its portfolio, Aquiline is showing a penchant for taking dull, fragmented, unloved wealth-management niche businesses and rolling them up into sexier firms
November 29, 2018 at 11:54 PM
After RIA private equity hot-shot Genstar's $1.7 billion purchase of ugly duckling Cetera, Robert Moore plans to take on LPL--not with acquisitions, but a recruitment storm
Genstar bought a majority share in Cetera in July for a rumored $1.7 billion; now Genstar MD Tony Salewski and ex-LPL President and Cetera CEO Robert Moore have put ramping up the rep count front-and-center in their plans to turn the long-troubled IBD ugly duckling into a market giant at LPL's expense.
August 15, 2018 at 12:35 AM
Determined to out-Joe-Duran Duran's United Capital, Dave Welling moves his $12B roll-up's HQ to Denver
As Mercer's torrid growth accelerates, its new CEO will hyper-unify investments and operations, make deals, pit software vendors against each other and hire like crazy
February 14, 2018 at 6:18 PM
VC firm installs one of its own, a Lehman Bros. legend, to get Altegris in gear
After months of searching on behalf of Aquiline, Jack L. Rivkin decided to nominate himself
March 13, 2014 at 3:53 AM
Genworth's TAMP is bought up by two private-equity firms for $412 million
After a long spell on the block, Aquiline Capital and Genstar Capital coughed up the cash to buy the roll-up of Altegris, AssetMark and Centurion
