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The firm's origins date back to Genstar Corporation, whose senior executives founded Genstar Capital in 1988. Genstar was a Canadian building-materials and financial-services company that invested $1.9 billion through 28 acquisitions from 1976 to 1986. [2] Additionally, Genstar sold 40 businesses and entered into 75 joint ventures during this ...
The sale is to a partnership consisting of Aquiline Capital Partners and Genstar Capital, and the price is expected to be roughly $412.5 million. The deal is expected Genworth Sells Wealth ...
Aquiline Capital Partners and Genstar Capital to Acquire Genworth Wealth Management NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)-- Aquiline Capital Partners LLC ("Aquiline"), a New York-based private ...
In September 2007, the company sold its wealth management unit to private equity firms Aquiline Capital Partners and Genstar Capital Management for $412.5 million. [19] [20] In June 2009, Genworth MI Canada, its Canadian mortgage insurance subsidiary, completed an initial public offering on the Toronto Stock Exchange, raising $850 million. [21 ...
In July 2018, Genstar Capital announced its intention to acquire the majority interest in the Cetera Financial Group. [24] The transaction was completed in October 2018. [25] In May 2023, Mike Durbin was named chief executive officer of Cetera Holdings, the holding company of Cetera Financial Group, and a member of Cetera’s board of directors ...
Predicting the future is a difficult thing, as private equity investors know all too well. Genstar closed its latest flagship buyout fund on $3.95 billion last year, which represented a nearly 100 ...
Genstar Capital: San Francisco: 32,403 26 Blue Owl Capital: New York: 30,232 27 ... Highbridge Capital Management; Highland Capital Management; HM Capital Partners;
In these roles he is in charge of acquisitions, divestitures and the supervision of portfolio companies. During his tenure, Genstar had grown to have approximately $49 billion of assets under management and targets investments in financial services, healthcare, industrials, and software industries. [16] [24] [25]