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M&A Deal Summary

Stone Point Capital Acquires New Point IV

On July 6, 2011, private equity firm Stone Point Capital acquired insurance company New Point IV for 200M USD

Acquisition Highlights
  • This is Stone Point Capital’s 22nd transaction in the Insurance sector.
  • This is Stone Point Capital’s 16th largest (disclosed) transaction.
  • This is Stone Point Capital’s 6th transaction in Bermuda.

M&A Deal Summary
Date 2011-07-06
Target New Point IV
Sector Insurance
Buyer(s) Stone Point Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M USD

Target

New Point IV

Bermuda
New Point IV is a market-facing vehicle that underwrites property catastrophe reinsurance on a global basis and in a fully collateralized format.

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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 45 of 121
Sector: Insurance M&A 22 of 34
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 37
Country: Bermuda M&A 6 of 7
Year: 2011 M&A 7 of 9
Size (of disclosed) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Citco

Grand Cayman, Cayman Islands

Citco is a provider of administrative and trade processing services for hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies, and high net worth individuals. Citco was founded in 1948 and is based in Grand Cayman, Cayman Islands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-27 Access Point Financial

Atlanta, Georgia, United States

Access Point Financial is a direct full-service lender servicing the hospitality industry. APF lends to qualified franchisees of major hotel brands and independent boutique hotels throughout the United States and Canada and is not an owner operator of hotel assets. Access Point Financial was founded in 2011 and is based in Atlanta, Georgia.

Buy -
Mergr

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