Latest News
Genstar Capital to Acquire Majority Share in SaaS Solutions Provider Vector Solutions
Monday 17 May 2021

US private equity firm Genstar Capital has agreed to acquire a majority ownership stake in Florida-based SaaS solutions provider Vector Solutions from San Francisco-based private equity investment firm Golden Gate Capital, the company said.

Terms of the transaction were not disclosed.

Genstar will remain a significant shareholder in the business. The transaction is expected to close in the next 45 days.

Kirkland and Ellis LLP served as legal advisor to Genstar. William Blair and company, LLC and Baird served as financial advisors to Golden Gate Capital and Vector and Paul, Weiss, Rifkind, Wharton and Garrison LLP, Nob Hill Law Group P.C. and Trenam Law served as legal advisors.

Vector Solutions provides software solutions for training, risk management, workforce management and operational readiness.

Genstar Capital is focussed on investments in targeted segments of the financial services, healthcare, industrials, and software industries.
Details
Date Published: 17/05/2021

Options