Wolters Kluwer Financial Services is to acquire FRSGlobal from The Carlyle Group and growth equity investor Kennet Partners. The acquisition will enable Wolters Kluwer to offer financial organisations comprehensive compliance and risk solutions that cover operational, compliance and financial risk and reporting.

"The financial crisis, globalisation and increasing regulatory scrutiny have created a complex and challenging environment for financial organisations," says Brian Longe, ceo of Wolters Kluwer Financial & Compliance Services. "Financial organisations are requiring intelligent and comprehensive solutions and services to help them address the complexities of a rapidly evolving regulatory environment."

Steve Husk and Serge Minne will join Wolters Kluwer and continue to lead FRSGlobal.