Stone Point Capital Agrees to Acquire Majority Interest in Kestra Holdings (Recapitalization)

Stone Point and Co-Investors Acquire 20% Stake in Truist Insurance Holdings

April 3, 2023

Financial Services

Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.

Stone Point Capital Acquires ECN Capital's Kessler Group Business

October 4, 2022

Financial Services

Funds managed by Stone Point Capital have completed the acquisition of all issued and outstanding equity interests in ECN Kessler Holdco LLC (the Kessler Group) from ECN Capital. ECN Capital said it will use the net proceeds to pay down debt and redeploy capital to accelerate tuck-in acquisitions in its prime marine and RV financing business.

Oak Hill Capital Joins Warburg Pincus in Recapitalization of Kestra Holdings

September 30, 2022

Financial Services

Kestra Holdings, an Austin-based wealth management platform, completed a recapitalization in which Oak Hill Capital acquired the minority equity position previously held by funds managed by Stone Point Capital, while Warburg Pincus remains the majority investor. The transaction brings a new private capital partner to support Kestra’s continued scaling, platform investments and capability expansion across its wealth management businesses.

Stone Point Leads Growth Investment in Bullhorn; Insight Partners and Genstar Remain Investors

September 8, 2020

Cloud & SaaS

Stone Point Capital has agreed to become the lead investor in Bullhorn, the cloud-based recruitment software provider, with Insight Partners and Genstar Capital remaining as investors. The minority growth investment (terms undisclosed) will provide capital to accelerate Bullhorn's Unified Workforce Management roadmap and support the company's continued expansion in the global staffing and recruiting market.

Stone Point Capital Takes Majority Stake in PrismHR

December 2, 2019

Cloud & SaaS

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.

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.