M&A Deal Summary

Stone Point Capital Acquires Mitchell

On April 26, 2018, private equity firm Stone Point Capital acquired software company Mitchell from KKR

Acquisition Highlights
  • This is Stone Point Capital’s 5th transaction in the Software sector.
  • This is Stone Point Capital’s 72nd transaction in the United States.
  • This is Stone Point Capital’s 8th transaction in California.

M&A Deal Summary

Date 2018-04-26
Target Mitchell
Sector Software
Buyer(s) Stone Point Capital
Sellers(s) KKR
Deal Type Secondary Buyout

Target

Mitchell

San Diego, California, United States
website
Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

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Buyer(S) 1

Buyer

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 84 of 103
Sector (Software) 5 of 6
Type (Secondary Buyout) 15 of 24
State (California) 8 of 11
Country (United States) 72 of 90
Year (2018) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Grace Hill

Greenville, South Carolina, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Grandpoint Capital

Los Angeles,, California, United States

Grandpoint Capital, Inc. is a parent company of Grandpoint Bank, a full service commercial bank with assets of $3.2 billion focused on professionals, entrepreneurs, and privately held businesses. The Bank operates 14 banking offices in Southern California, Washington, and Arizona. Grandpoint Capital and Grandpoint Bank was founded in 2010 and is headquartered in Los Angeles, California.

Sell $629M

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 108 of 173
Sector (Software) 3 of 7
Type (Secondary Buyout) 16 of 34
State (California) 9 of 15
Country (United States) 51 of 81
Year (2018) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 South Staffordshire

Walsall, United Kingdom

South Staffordshire is an integrated services group with a highly regarded regulated water supply business covering two separate supply regions (South Staffs Water and Cambridge Water), coupled with the provision of related, non-regulated specialist services within two main divisions, Echo and SSI Services. South Staffordshire was founded in 1853 and is based in Walsall, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 A10 Capital

Boise, Idaho, United States

A10 Capital is a provider of middle-market commercial real estate loans. A10 is a provider of commercial real estate mortgage solutions in the United States. With loans ranging from $1 million to over $20 million for commercial properties, A10’s broad offering of transitional and permanent loan products covers the entire commercial property life cycle. For single-family rental (SFR) portfolios, A10 is an authorized seller/servicer of the Freddie Mac Affordable SFR pilot program. A10 offers borrowers streamlined closing and high-touch service through its full-service platform, which includes in-house underwriting, legal, and servicing. Since inception, A10 has financed over 43 million square feet of middle-market commercial properties. A10 Capital was founded in 2007 and is based in Boise, Idaho.

Sell -