M&A Deal Summary

Aurora Capital Partners Acquires Grace Hill

On April 26, 2021, private equity firm Aurora Capital Partners acquired internet software and services company Grace Hill from Stone Point Capital

Acquisition Highlights
  • This is Aurora Capital Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Aurora Capital Partners’ 32nd transaction in the United States.
  • This is Aurora Capital Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-04-26
Target Grace Hill
Sector Internet Software and Services
Buyer(s) Aurora Capital Partners
Sellers(s) Stone Point Capital
Deal Type Secondary Buyout

Target

Grace Hill

Greenville, South Carolina, United States
website
Grace Hill's corporate headquarters in Greenville, South Carolina.
Grace Hill's corporate headquarters in Greenville, South Carolina.
Grace Hill develops online training courseware and administration solely for the property management industry. For more than 20 years, Grace Hill has helped people, teams, and companies in the multifamily industry improve performance and reduce risk. The company offers the highest-level performance-based online training courseware and administration with Vision, its industry-leading learning management system. Vision combines the latest in learning science and digital technologies, with white-glove customer service and support. Grace Hill was founded in 1998 and is based in Greenville, South Carolina.

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Buyer(S) 1

Buyer

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 33 of 38
Sector (Internet Software and Services) 4 of 4
Type (Secondary Buyout) 18 of 20
State (South Carolina) 1 of 1
Country (United States) 32 of 37
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Curtis Bay Medical Waste Services

Baltimore, Maryland, United States

Curtis Bay Medical Waste Services provides comprehensive medical waste solutions including collection, transfer, transportation, recycling, waste reduction, sharps management, disposal, and consulting services to hospitals, medical offices, pharmacies and other healthcare providers. Curtis Bay Medical Waste Services was founded in 1988 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Automated Gate Services

Corona, California, United States

Automated Gate Services provides automated gate and security solutions, including emergency repair, planned maintenance, design, fabrication, access control and installation to residential and commercial customers across Southern California. Automated Gate Services was founded in 1998 and is based in Inglewood, California.

Buy -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 42 of 48
Sector (Internet Software and Services) 4 of 5
Type (Secondary Buyout) 13 of 14
State (South Carolina) 1 of 1
Country (United States) 37 of 43
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Amherst Pierpont Securities

New York, New York, United States

Amherst Pierpont Securities is an independent broker-dealer that provides to institutional clients liquidity, execution services, and strategic advice pertaining to the US Treasury, federal agency, and repurchase markets. The firm has assembled a group of talented and seasoned professionals recruited from many of the leading global financial institutions. Amherst Pierpont Securities is based in New York.

Sell $600M
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