The Carlyle Group and Kennet Partners have sold regulatory compliance specialist FRSGlobal to Wolters Kluwer Financial Services.

Investment firms The Carlyle Group and Kennet Partners have sold regulatory compliance specialist FRSGlobal to Wolters Kluwer Financial Services.

Details of the deal have not been disclosed.

Since Carlyle and Kennet took over the company in 2006, FRSGlobal has recruited new CEO Steve Husk, CFO Serge Minne and chairman Michael Laven, as well as completing two acquisitions and expanding its presence in Asia and the US.

Husk says the acquisition by Wolters Kluwer will give customers of Brussels-based FRSGlobal access to a broader range of compliance and risk management services.

He and Minne will continue to lead the business following the deal.

Founded in 1989, FRSGlobal has 350 employees across North America, Europe and the Asia Pacific region.