Private equity firm Gryphon Investors signed a definitive agreement to acquire enterprise solution provider RegEd Inc., for an undisclosed sum.
As part of the acquisition, RegEd CEO John Schobel, members of its management team and current majority owner Falfurrias Capital Partners LP, will retain an equity ownership in the company. Mark Schlageter, Gryphon's executive advisory board member and former Thomson Reuters chief customer officer, will become chairman of RegEd.
Evercore and Baird served as financial advisers to Gryphon, while Raymond James acted as the exclusive financial adviser to RegEd.
RegEd provides compliance and regulatory management services to insurance companies, broker/dealers, banks and other financial services companies.