Ascensus parent company issues $288.29 million worth of equity securities

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XDATA – January 21st 2016
AqGen Island Holdings disclosed selling $288.29 million worth of equity securities as part of financing round. The equity securities, which started to sell one month ago, were bought by eight investors. The offering, which is structured under exemption rule 506, has no fundraising cap and is on-going. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing.
The company is the parent of Ascensus, as independent service provider of retirement and college savings plans. The entity is sponsored by Genstar Capital and Aquiline Capital Partners for the acquisition (announced in late September 2005) of Ascensus from J.C. Flowers & Co. Flowers had acquired Crump Group in late 2015 and sold the company in pieces starting with Crump.
Richard Rosenbaum leads the New York NY based company. AqGen Island Holdings was registered in 2015. AqGen Island Holdings elected to keep its revenues undisclosed.
The executive team includes Anthony Salewski.
The board of directors includes Geoffrey Miller, Robert Guillocheau and Vincenzo La Ruffa.
Offering recap
Status: First close
Company: AqGen Island Holdings
Industry: Other
Amount offered: N/A
Amount placed: $288.29 million
SEC filing: Source
First sale: 12-03-2015
Data as of: 01-20-2016

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