Stone Point, GIC to Acquire Recordkeeper Ascensus  | Chief Investment Officer
Stone Point, GIC to Acquire Recordkeeper Ascensus Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies. Singapore’s sovereign wealth fund GIC and US-based private equity firm Stone Point Capital will acquire recordkeeper Ascensus. The investors are taking a majority stake in the Dresher, Pennsylvania-based financial services firm, Ascensus said Monday. They’re acquiring Ascensus from its current private equity owners, led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Both Genstar and Aq...
Source: ai-cio.com