Financial services

Genstar-backed Cetera to take financial services firm Avantax private

The transaction puts Avantax at a valuation of $1.2 billion.

Debt resolution services provider ClearOne snags investment from Comvest

The investment will be used to back ClearOne's growth initiatives.

KKR to invest more than $1bn in USI Insurance Services

According to the terms of the deal, KKR and USI will purchase shares held by Caisse de dépôt et placement du Québec and certain other investors.

Prudential Financial and Warburg Pincus to invest in newly formed Prismic Life Reinsurance

The initial equity investments will be $1 billion.

GTCR invests in financial services firm R&T Deposit Solutions

As a result of the investment, GTCR owns 50 percent of R&T with the remaining 50 percent retained by existing shareholders, which include Estancia Capital Partners and R&T's founding team and employees.

Cerberus to acquire home equity lender Spring EQ

Spring EQ founder and CEO Jerry Schiano, alongside the current management team, will continue to lead Spring EQ following the completion of the transaction.

Australis-backed Sekura acquires Mexican insurance broker AER

Based in Mexico City, Sekura is an insurance broker.

Goldman Sachs to invest in insurance brokerage World Insurance Associates

In addition to its equity investment alongside World's existing backer Charlesbank, Goldman Sachs is also leading debt financing in World.