Fintech
Genstar Capital Acquires Majority Stake in Fintech Docupace
Private equity firm Genstar Capital has acquired a majority stake in Docupace, a New Jersey-based fintech company that digitizes back-office operational workflows for RIAs and broker-dealers.
Specific financial terms of the deal, which is expected to close in the third quarter of this year, were not disclosed.
Docupace’s previous majority backer, private equity firm FTV Capital, which initially invested in 2020, will remain a minority investor in Docupace.