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Ascensus Sells for $3 Billion After Failing to Draw Buyers for One-Third Less in 2018
RIABiz 
May 3, 2021 "The firm became a private-equity magnet for rolling up third-party administrators of 401(k) and health savings plans, becoming a standalone recordkeeping force rivaling Fidelity Investments and others.... Holding out a couple of years came at a financial cost. Genstar and Aquiline sold 25% of their equity to Atlas Merchant Capital and GIC in 2018 at a far lower valuation." |
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