Investment Summary

Stone Point Capital and General Atlantic Invest In Citco

On June 1, 2011, private equity firm Stone Point Capital and growth capital firm General Atlantic invested in financial services company Citco

Investment Highlights
  • This is Stone Point Capital’s 14th and General Atlantic’s 9th transaction in the Financial Services sector.
  • This is Stone Point Capital’s 1st and General Atlantic’s 1st transaction in Cayman Islands.

Investment Summary

Date 2011-06-01
Target Citco
Sector Financial Services
Investor(s) Stone Point Capital
General Atlantic
Deal Type Stake Purchase

Target

Citco

Grand Cayman, Cayman Islands
Citco is a provider of administrative and trade processing services for hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies, and high net worth individuals. Citco was founded in 1948 and is based in Grand Cayman, Cayman Islands.

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Investor(S) 2

Investor

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B 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 $75 and $750 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 44 of 120
Sector: Financial Services M&A 14 of 38
Type: Stake Purchase M&A Deals 6 of 13
Country: Cayman Islands M&A 1 of 1
Year: 2011 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 C3

Plantation, Florida, United States

C3 is a contact center provider for corporations who view outsourcing objectives as a strong component of their growth and brand development strategies. C3 builds solid partnerships with its clients based on mutually determined business objectives. C3 was founded in 2004 and is based in Plantation, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 New Point IV

Bermuda

New Point IV is a market-facing vehicle that underwrites property catastrophe reinsurance on a global basis and in a fully collateralized format.

Buy $200M
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 90 of 364
Sector: Financial Services M&A 9 of 32
Type: Stake Purchase M&A Deals 16 of 42
Country: Cayman Islands M&A 1 of 1
Year: 2011 M&A 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-06 Peixe Urbano

Rio de Janeiro, Brazil

Peixe Urbano is a local e-commerce company in Brazil with offerings across entertainment, retail, and tourism. Peixe Urbano was founded in 2010 and is based in Rio de Janeiro, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Navigon AG

Hamburg, Germany

NAVIGON AG is a German navigation company. NAVIGON provides GPS navigation for PNDs, smartphones and other platforms. NAVIGON develops software for all relevant operating systems. NAVIGON was established in 1991, with subsidiaries in, Europe, Asia and North America.

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