Since 2007, Stone Point Capital has made numerous acquisitions and investments in the global financial services industry with the assistance of Kramer Levin. We are a go-to counsel for the firm as it pursues acquisitions, sales, investments and joint ventures. We recently advised Stone Point and its affiliates in the following transactions, among others:
- The purchase of a majority stake in Focus Financial Partners, a leading partnership of independent fiduciary wealth management firms, as part of an investor group that also includes KKR, in a transaction that valued Focus Financial at $2 billion
- The sale of Ten-X to private equity firm Thomas H. Lee Partners in a transaction that valued Ten-X at $1.6 billion
- The acquisition of an equity stake in Applied Systems, the global leader in cloud-based software for the insurance industry
- The $300 million acquisition of Oasis Outsourcing, the world’s largest privately held professional employer organization, as well as several M&A transactions involving the company including the sale of a significant equity stake to private equity firm Kelso & Company
- The acquisition of NFP Advisor Services, which provides broker-dealer and registered investment adviser support to independent financial advisers
- The formation of Greenspoint Capital LLC and its subsequent acquisition of Clark Consulting, a U.S. bank-owned life insurance distribution and servicing unit of Aegon USA LLC, a subsidiary of Aegon NV
- The purchase of LTCG Holdings Corp., the parent of Long Term Care Group Inc., the recognized leader in business process outsourcing for long-term care insurance
- The acquisitions of Situs Group LLC, a premier global provider of end-to-end commercial real estate and loan advisory services and integrated solutions; Black Mountain Systems LLC, a software company that develops data and process management solutions for asset managers and financial institutions; and Maverick Funding Corp., a residential mortgage loan originator, underwriter, processor and servicer