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Private Equity

Genstar Capital Acquires Prometheus Group For Over $1B

by vcaonline.com posted 3months ago 48 views
SAN FRANCISCO, May 30, 2019-- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, announced today the acquisition of Prometheus Group from Francisco Partners for over $1 billion. Eric Huang, Chief Executive Officer and founder of Prometheus, will remain a significant shareholder in the company, and Francisco Partners will retain a minority investment. Prometheus is an industry leading provider of comprehensive and intuitive plant maintenance operations and optimization software.