M&A Deal Summary

Stone Point Capital and Aquiline Capital Partners Acquire Consilio

On April 20, 2021, private equity firms Stone Point Capital and Aquiline Capital Partners acquired business services company Consilio from GI Partners

Acquisition Highlights
  • This is Stone Point Capital’s 18th and Aquiline Capital Partners’ 7th transaction in the Business Services sector.
  • This is Stone Point Capital’s 85th and Aquiline Capital Partners’ 41st transaction in the United States.
  • This is Stone Point Capital’s 1st and Aquiline Capital Partners’ 1st transaction in District of Columbia.

M&A Deal Summary

Date 2021-04-20
Target Consilio
Sector Business Services
Buyer(s) Stone Point Capital
Aquiline Capital Partners
Sellers(s) GI Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

Consilio

Washington, District of Columbia, United States
Consilio is a global provider of eDiscovery, document review, flexible legal talent and legal technology consulting services. The company supports multinational law firms and corporations using innovative software, cost-effective managed services and deep legal and regulatory industry experience. Consilio was founded in 2002 and is based in Washington, District of Columbia.

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Buyer(S) 2

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


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 98 of 114
Sector (Business Services) 18 of 20
Type (Secondary Buyout) 21 of 26
State (District of Columbia) 1 of 1
Country (United States) 85 of 101
Year (2021) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 VensureHR

Chandler, Arizona, United States

VensureHR is a provider of HR/HCM technology, managed services, and global business process outsourcing. VensureHR was founded in 2004 and is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 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.

Sell -
Buyer

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 55 of 72
Sector (Business Services) 7 of 11
Type (Secondary Buyout) 10 of 17
State (District of Columbia) 1 of 1
Country (United States) 41 of 53
Year (2021) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 PrimePay

West Chester, Pennsylvania, United States

PrimePay is a payroll service and human capital management (HCM) provider, offering solutions that empower businesses to focus on what matters most. The company delivers highly configurable HR and payroll solutions designed to create efficiencies and to maximize compliance for our clients across our nationwide presence. PrimePay was formed in 1986 and is based in West Chester, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Sell -

Seller(S) 1

SELLER

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 22 of 24
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 9 of 9
State (District of Columbia) 1 of 1
Country (United States) 17 of 19
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Aras

Andover, Massachusetts, United States

Aras is a provider of enterprise open source technology with an advanced model-based service-oriented architecture to deliver a highly scalable, flexible, and secure PLM solution suite. Aras was founded in 2000 and is based in Andover, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 LightEdge Solutions

Des Moines, Iowa, United States

LightEdge Solutions is an IT service management company and provider of compliant hosting, cloud computing, data protection, and colocation services. LightEdge Solutions was founded in 1996 and is based in Des Moines, Iowa.

Buy -