Warburg Pincus Recapitalizes Kestra Financial; Stone Point Retains Minority Stake
February 25, 2019
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.
- Buyers
- Warburg Pincus LLC
- Targets
- Kestra Financial, Inc.
- Sellers
- Stone Point Capital LLC
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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