July 8, 2021

Willkie represented Genstar in the transaction.

On July 7, Genstar Capital announced it entered into a definitive agreement to acquire a majority stake in Foreside Financial Group from Lovell Minnick Partners.

Foreside provides a robust offering of distribution solutions and governance, risk management and compliance solutions to clients in the global asset and wealth management industries.

Established in 2005 and based in Portland, Maine, Foreside distributes more than $1 trillion of product through their 17 limited purpose broker-dealers. For 15 years, Foreside's suite of services and platform-based model have helped automate and simplify compliance and marketing for clients. Foreside works with pooled investment products, investment advisors, broker-dealers, global asset managers, and other financial institutions.

Genstar Capital is a leading private equity firm based in San Francisco. Together with Genstar X and all active funds, Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrials and software industries. Lovell Minnick Partners is a private equity firm focused on investments in financial services, fintech and related business services.

The Willkie team was led by partners Jeffrey Poss and Manuel Miranda, and included associate Anna Martini G. Pereira.