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M&A Deal Summary

Stone Point Capital Acquires Vertafore

On December 1, 1999, private equity firm Stone Point Capital acquired software company Vertafore

Acquisition Highlights
  • This is Stone Point Capital’s 1st transaction in the Software sector.
  • This is Stone Point Capital’s 2nd transaction in the United States.
  • This is Stone Point Capital’s 1st transaction in Colorado.
Investment Fate
  • Vertafore was sold to a consortium of financial buyers in 2004.
  • Vertafore was sold to a consortium of financial buyers in 2010 for 1.4B USD.
  • Vertafore was sold to a consortium of financial buyers in 2016.
  • Vertafore was sold to a publicly-traded strategic buyer in 2020 for 5.4B USD.

M&A Deal Summary
Date 1999-12-01
Target Vertafore
Sector Software
Buyer(s) Stone Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Vertafore

Denver, Colorado, United States
Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

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 2 of 121
Sector: Software M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 37
State: Colorado M&A 1 of 2
Country: United States M&A 2 of 109
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Sedgwick

Memphis, Tennessee, United States

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-05 MetLife

New York, New York, United States

MetLife is a global financial services and insurance company, offering clients planning, retirement, and savings solutions. MetLife was formed in 1863 and is based in New York, New York.

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