M&A Deal Summary

Amherst Pierpont Securities Acquires Amherst Holdings

On July 1, 2014, Amherst Pierpont Securities acquired financial services company Amherst Holdings from Stone Point Capital

Acquisition Highlights
  • This is Amherst Pierpont Securities’ 2nd transaction in the Financial Services sector.
  • This is Amherst Pierpont Securities’ 2nd transaction in the United States.
  • This is Amherst Pierpont Securities’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-07-01
Target Amherst Holdings
Sector Financial Services
Buyer(s) Amherst Pierpont Securities
Sellers(s) Stone Point Capital
Deal Type Merger

Target

Amherst Holdings

Austin, Texas, United States
Amherst Holdings is a specialist broker-dealer focused on high-grade, mortgage-related securities and their derivatives.

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Buyer(S) 1

Buyer

Amherst Pierpont Securities

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Merger M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-30 Cortview Capital Securities

Richmond, Virginia, United States

Cortview Capital Securities LLC (“CCS”) is a fixed-income focused broker-dealer, based in Richmond, VA, with offices in New York, Charlotte, NC and Boca Raton, FL, dedicated to providing superior, regionally-focused sales, trading, origination, securitization and advisory services to a national, middle-markets client base. CCS is a wholly-owned subsidiary of Cortview Capital Holdings, Inc., which is a portfolio company of Warburg Pincus.

Buy -

Seller(S) 1

SELLER

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 17 of 59
Sector: Financial Services M&A 2 of 21
Type: Merger M&A Deals 1 of 5
State: Texas M&A 1 of 5
Country: United States M&A 12 of 53
Year: 2014 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Symbion

Nashville, Tennessee, United States

Symbion owns and operates a national network of short stay surgical facilities.

Sell $792M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Homepoint

Ann Arbor, Michigan, United States

Homepoint is a mortgage banking business that is focused on residential mortgage origination, servicing, and asset management. Homepoint was founded in 2014 and is based in Ann Arbor, Michigan.

Buy -