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Cinven, the international private equity firm, has reached an agreement for GIC to acquire its shares in insurance broker Miller.

Singapore wealth fund GIC takes majority stake in Miller brokerage

Metro One Completes Acquisition of Royal App Metro One Telecommunications Inc. has closed $3.5 million in financing and completed of its acquisition of Royal App Ltd. through its wholly owned Israeli subsidiary, Stratford Ltd.  The financing was structured in the form of puttable simple agreements for future equity from institutional investors and family offices. Metro One chairman,  Nani Maoz said, “We are very pleased that we have completed the financing for and acquisition of Royal App. This financing allows us not only to complete the transaction but also infuse working capital ...

Ascensus Leader Discusses New Private Equity Backing Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions. Reported by News broke this week that Stone Point Capital, a Greenwich, Connecticut-based private equity firm specializing in financial services, and GIC, Singapore’s sovereign wealth fund, have reached a deal to acquire Ascensus from its current private equity ownership led by Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital. According to the companies’ joint announcement, Genstar and Aquiline will re...

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...