Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, is to acquire a majority ownership stake in Vector Solutions (Vector), a provider of industry-focused software solutions for training, risk management, workforce management and operational readiness.

Genstar is acquiring Vector from Golden Gate Capital, a leading private equity investment firm, which will remain a significant shareholder in the business. The transaction is expected to close in the next 45 days.

Vector is the leading provider of intelligent and industry-focused SaaS solutions that connect information and technology to deliver insights and knowledge when and where they are needed. Serving approximately 22 million users and more than 21,000 clients worldwide, Vector uses the latest innovations in training and technology to create safer, more capable and compliant organisations across the industrial, engineering, education and public safety sectors.

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Source: Private Equity Wire