Stone Point Capital Takes Majority Stake in PrismHR

December 2, 2019

Funds managed by Stone Point Capital LLC acquired a majority stake in PrismHR, the Hopkinton, Massachusetts–based HR technology platform. The transaction brings Stone Point into partnership with existing investor Summit Partners (which remains invested) and follows prior ownership by Accel-KKR; the investment is intended to fuel PrismHR's growth and expand its HR/payroll capabilities for SMB-focused HR outsourcers.

Buyers
Stone Point Capital LLC
Targets
PrismHR
Sellers
Accel-KKR
Industry
Cloud & SaaS
Location
Massachusetts, United States
Transaction Type
Buyout

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