Genstar Capital to buy Prometheus Group for over $1 bln

Reuters

May 30 (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. (https://reut.rs/2wrr81z) (Reporting by Sayanti Chakraborty in Bengaluru Editing by Saumyadeb Chakrabarty)