(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