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Genstar Capital – Acquisition of DrillingInfo

North American private equity firm Genstar Capital has agreed to buy DrillingInfo from Insight Venture Partners. On the close of deal, Genstar will become the majority stakeholder, while Insight Venture will retain a significant minority stake (further transaction details not disclosed). DrillingInfo provides a software, data, and analytics platform to the exploration and production, oilfield services and electrical power sectors, among others.