Genstar Capital, a private equity firm targeting investments in financial services, healthcare, industrials and software, has acquired Numerix, a provider of capital markets risk management.

Numerix provides mission-critical technology supporting decision-making across pre-trade price discovery through XVA Trading, market, and counterparty credit risk management across all asset classes. The firm has over 19 offices with 225 clients and 90 partners in over 26 countries.

“We are excited to begin the next phase of our future growth with our new partners at Genstar Capital,” said Steven O’Hanlon, CEO, and president of Numerix. “For over 20 years, we have worked tirelessly to provide the most sophisticated analytic and technology solutions available to capital market participants across the globe. We’ve always had a clear vision for the organization. Together with Genstar and their long track record in the financial services and software industries, we look forward to expanding our footprint across the entire value chain in the front-to-risk market providing even greater value to our customers.”

Jefferies LLC served as financial advisor and Davis Polk & Wardwell LLP served as legal counsel to Numerix. RBC Capital Markets served as financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to Genstar. Additional terms of the transaction are not disclosed.