M&A Deal Summary

Stone Point Capital Acquires Kestra Financial

On June 27, 2016, private equity firm Stone Point Capital acquired financial services company Kestra Financial

Acquisition Highlights
  • This is Stone Point Capital’s 26th transaction in the Financial Services sector.
  • This is Stone Point Capital’s 63rd transaction in the United States.
  • This is Stone Point Capital’s 7th transaction in Texas.
Investment Fate
  • Kestra Financial was sold to a consortium of financial buyers in 2019.
  • Kestra Financial was recapitalized in 2025.

M&A Deal Summary

Date 2016-06-27
Target Kestra Financial
Sector Financial Services
Buyer(s) Stone Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Kestra Financial

Austin, Texas, United States
Kestra Financial is a provider of independent advisor platforms that empowers sophisticated independent financial professionals, including traditional and hybrid RIAs, to prosper, grow and provide superior client service. Kestra Financial was founded in 1997 and is based in Austin, Texas.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 75 of 120
Sector: Financial Services M&A 26 of 38
Type: Buyout (LBO, MBO, MBI) M&A Deals 31 of 36
State: Texas M&A 7 of 12
Country: United States M&A 63 of 108
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Hyphen Solutions

Dallas, Texas, United States

Hyphen Solutions provides a cloud-based construction management software solution to a national network of homebuilders and suppliers. The software connects with all major enterprise resource planning systems to provide real-time access to job status and to allow for efficient resource management. Hyphen Solutions was founded in 1999 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Standard Bancshares

Hickory Hills, Illinois, United States

Standard Bancshares is the holding company for Standard Bank & Trust, a commercial bank with 42 branches serving communities throughout the Chicago area and northwest Indiana. Standard has total assets of approximately $2.5 billion with $2.2 billion in deposits, of which over 90% are core deposits, and $1.8 billion in loans, of which 80% are commercial-related.

Sell -