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United States : GENSTAR CAPITAL inks a definitive agreement to acquire ASSET INTERNATIONAL

June 24, 2014

Genstar Capital is to acquire Asset International and has inked a definitive agreement in this regards. However, the firm has not revealed financial details of the deal.

Asset International deals in provision of data, information and marketing solutions to the global asset management industry. The firm has a client base of nearly 500 entities, representing nearly $20 trillion of global assets under management.

Acquisition by Genstar will include Asset International s recognised data products, like the Simfund Mutual Fund database, Strategic Insight, Investor Economics and Plan for Life, and its portfolio of marketing solutions, to include the brands Plansponsor, Planadvisor, Chief Investment Officer, Global Custodian and The Trade.

Tony Salewski, Principal of Genstar, said, Asset International is a strong, vertically focused information services business that we have followed for several years, and it is an exciting platform from which to build a global leader in financial data and marketing services.

Salewski added, We are pleased that they chose to partner with us and we look forward to working with them to capture additional customers, accelerate product innovation, and expand the geographic reach of the company.

Founder and CEO of Asset International, Jim Casella, said, Our superior data has allowed us to build strong client relationships, and our business intelligence products are differentiated by their quality and ease of use.

We are uniquely positioned to grow our client base and benefit from the long-term growth in retirement saving and planning driven by aging demographic trends worldwide. With Genstar s help and expertise we will better capitalise on opportunities within our existing base of large enterprise clients, expand the product portfolio into adjacent sectors, and increase market share in underpenetrated international geographies.

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Source: TendersInfo (India)

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