Genstar to buy majority of Cetera Financial

Genstar Capital has agreed to buy a majority of Aretec Group Inc, holding company of Cetera Financial Group. Financial terms weren’t announced. Cetera, of El Segundo, California, is a network of nearly 8,000 financial advisors. Cetera was seeking bids of $1.5 billion to $2 billion.

DealsNorth AmericaUSBriefs