Genstar buys Lovell Minnick’s stake in Foreside

Private-equity firm Genstar Capital has acquired the majority stake in Foreside Financial Group held by Lovell Minnick Partners. Terms of the acquisition, scheduled to close before the end of the quarter, were not disclosed.

Foreside, based in Portland, Maine, provides tech solutions in the areas of distribution and governance, risk management and compliance to clients in the asset and wealth management industries.

The company is led by Richard Berthy and David Whitaker, who will remain shareholders and continue in their current management roles, the company said in a release.

The post Genstar buys Lovell Minnick’s stake in Foreside appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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