Recapitalization • Software

Stone Point Capital Acquires Black Mountain Systems

On March 31, 2015, private equity firm Stone Point Capital acquired software company Black Mountain Systems

Acquisition Context
  • This is Stone Point Capital’s 2nd transaction in the Software sector.
  • This is Stone Point Capital’s 56th transaction in the United States.
  • This is Stone Point Capital’s 6th transaction in California.
Investment Fate
  • Black Mountain Systems was sold to a strategic buyer in 2019.

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M&A Deal Summary

Date March 31, 2015
Target Black Mountain Systems
Sector Software
Buyer(s) Stone Point Capital
Deal Type Recapitalization
Advisor(s) SunTrust Robinson Humphrey (Financial)

Target Company

Black Mountain Systems

San Diego, California, United States
Black Mountain Systems is a software company that develops tailored solutions for data aggregation, process management, and business reporting. Global investment firms use Black Mountain's proven Everest platform to add operating efficiency and reduce risk by eliminating the boundaries between systems, information, and people, allowing employees to focus on high-value activities that drive investment performance. Black Mountain Systems is based in San Diego, California.
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Buyer Overview 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 Context for Buyer #
Overall 67 of 121
Sector: Software 2 of 5
Type: Recapitalization 4 of 7
State: California 6 of 15
Country: United States 56 of 109
Year: 2015 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 SitusAMC

New York, New York, United States

SitusAMC is a provider of end-to-end strategic business solutions and integrated process and technology solutions for the financial services Industry, and also has offered customized services to leading financial institutions, investors, owners, and developers. SitusAMC was founded in 1985 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Preston Hollow Capital

Dallas, Texas, United States

Preston Hollow Capital is an independent specialty finance company focused on directly originated and negotiated municipal project finance transactions. Preston Hollow Capital was founded in 2014 and is based in Dallas, Texas.

Buy -