Oak Hill Capital Joins Warburg Pincus in Recapitalization of Kestra Holdings

Warburg Pincus Recapitalizes Kestra Financial; Stone Point Retains Minority Stake

February 25, 2019

Financial Services

Warburg Pincus agreed to acquire a majority interest in Kestra Financial in a recapitalization transaction, with funds managed by Stone Point Capital retaining a minority stake and Kestra management and certain advisors keeping equity. The deal will provide growth capital to expand Kestra's advisor platform, technology and recruiting initiatives and is expected to close subject to regulatory approvals.

Oak Hill Capital Acquires Equity Stake in Mercer Advisors (Recapitalization)

September 17, 2019

Financial Services

Oak Hill Capital has acquired an equity stake in Mercer Advisors as part of a recapitalization in which current private equity owners Genstar Capital and Lovell Minnick Partners sold part of their holdings. Genstar will remain as an investor and partner; the transaction provides Mercer Advisors with additional capital to support service expansion, organic growth and strategic acquisitions.

Silver Oak Services Partners Recapitalizes Keystone Partners

January 31, 2019

Staffing & HR

Silver Oak Services Partners led a recapitalization of Keystone Partners, investing alongside Keystone's senior management to provide capital and support for platform growth. Keystone, headquartered in Boston, is a provider of outplacement, career management, executive coaching, and leadership development services and will continue to be led by its existing management team, which retained a significant ownership stake.

Trinity Hunt Partners Recapitalizes Keste

June 17, 2020

IT Services

Trinity Hunt Partners has acquired a majority stake in Keste, a Plano, Texas–based provider of B2B digital transformation and cloud services. The recapitalization will partner Trinity Hunt with Keste founders (who remain significant shareholders) to accelerate growth and scale the business through add-on acquisitions and expanded capabilities.

Wafra Acquires Minority Stake in Oak Hill Capital Partners

October 3, 2022

Financial Services

Funds managed by Wafra Inc. acquired a strategic minority ownership interest in Oak Hill Capital Partners from an affiliate of Jefferies Financial Group Inc. The transaction is a strategic partnership (minority growth investment) that will not affect Oak Hill’s control of investment processes or day-to-day operations and is intended to support the firm’s continued growth and strategic initiatives. Financial terms were not disclosed.

Cornerstone Capital Partners Recapitalizes RidgeRock Retaining Walls

January 1, 2025

Building Products

Cornerstone Capital Partners completed a recapitalization of RidgeRock Retaining Walls, a Charlotte-based distributor of proprietary segmental concrete blocks and retaining wall components. Source Capital and Everside Capital Partners provided debt and equity financing to support the transaction.