Global private equity firms acquire FRS
Two global private equity firms, Kennet Partners and the Carlyle Group have announced the acquisition of regulatory and compliance providers FRS. FRS will continue to provide financial reporting solutions through its suite of applications.
Steve Husk, former president of SunGard Trading and Risk, has been appointed as executive chairman to FRS and will oversee activity surrounding the acquisition. Husk stated that he was delighted to join FRS, and will focus on merging regulatory risk and performance requirements into a single solution.
Director of Kennet Partners, Maximilian Bleyleben, said FRS provides standardised management of
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