Private equity firm Genstar Capital is buying Asset International Inc., a provider of data-related services.
Asset International provides data, business intelligence and information services to the investment management industry. The group supplies data and analytics, as well as marketing services to asset managers. Terms of the deal were not disclosed.
Genstar has committed capital for Asset International to pursue acquisitions, according to a company statement. The San Francisco private equity firm plans to accelerate product innovation and expand Asset International's geographic reach.
Genstar focuses on investing in software, financial services, health care and industrial technology companies. The firm has about $2.6 committed capital under management. In May, the firm agreed to buy Pretium Packaging LLC, a plastic container manufacturer. In March, the firm sold TravelClick for $930 million to Thoma Bravo LLC.