May 30, 2019 / 11:28 AM / 2 months ago

Genstar Capital to buy Prometheus Group for over $1 billion

(Reuters) - Private equity firm Genstar Capital said on Thursday it will buy asset management software company Prometheus Group from private equity firm Francisco Partners for over $1 billion.

Eric Huang, chief executive officer and founder of Prometheus, will remain a significant shareholder in the company. Francisco Partners will retain a minority investment. (reut.rs/2wrr81z)

Reporting by Sayanti Chakraborty in Bengaluru; Editing by Saumyadeb Chakrabarty

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