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Stone Point And Gic Near $3B Deal For Ascensus

by wealthmanagement.com posted 4months ago 47 views
The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital. : (Bloomberg) -- Stone Point Capital and GIC Pte agreed to buy a majority stake in retirement and savings account provider Ascensus Inc. The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital, according to a statement Monday, confirming an earlier Bloomberg News report. Genstar and Aquiline are keeping a minority stake. Terms of the deal weren’t disclosed.

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