News
Keystone Announces Investment in Small Buyout Fund Focused on Financial Services Industry
3/22/2009
Keystone is pleased to announce an investment a small buyout fund focused on acquiring and investing in financial services companies, namely asset managers, broker/dealers, insurance companies, and service providers. The firm has a strong track record of buying companies in the financial services industry and subsequently growing those companies into more dominant players. The average growth in earnings during the firm’s ownership of portfolio companies has been an astounding 390% and both of the firm’s prior funds are top quartile performers.
“We believe 2009-2011 will present highly attractive opportunities in the financial services space as banks and other large financial institutions seek to shed assets and focus on core business lines,” stated Raymond Chan, Vice President at Keystone.