M&A Deal Summary

Stone Point Capital Acquires Verisys

On July 16, 2021, private equity firm Stone Point Capital acquired information technology company Verisys from Spectrum Equity and Cressey

Acquisition Highlights
  • This is Stone Point Capital’s 1st transaction in the Information Technology sector.
  • This is Stone Point Capital’s 88th transaction in the United States.
  • This is Stone Point Capital’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2021-07-16
Target Verisys
Sector Information Technology
Buyer(s) Stone Point Capital
Sellers(s) Spectrum Equity
Cressey
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Verisys

Louisville, Kentucky, United States
Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. Verisys protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. Verisys was founded in 1992 and is based in Louisville, Kentucky.

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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 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 101 of 114
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 23 of 26
State (Kentucky) 1 of 1
Country (United States) 88 of 101
Year (2021) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Amherst Pierpont Securities

New York, New York, United States

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.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 SambaSafety

Greenwood Village, Colorado, United States

SambaSafety is a provider of Driver Risk Management (DRM) services and Motor Vehicle Records (MVRs) to every industry across the United States. SambaSafety’s innovative Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies. This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work. Additionally, SambaSafety solutions provide the insights insurance carriers need to accurately price risk throughout the policy lifecycle. SambaSafety was founded in 1998 and is based in Greenwood Village, Colorado.

Buy -

Seller(S) 2

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.

DEAL STATS #
Overall 61 of 76
Sector (Information Technology) 4 of 5
Type (Secondary Buyout) 5 of 10
State (Kentucky) 2 of 2
Country (United States) 55 of 67
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Goldbelly

New York, New York, United States

Goldbelly is an operator of a platform for national food e-commerce. Goldbelly empowers restaurants and food makers by offering a platform for small local businesses to reach new customers outside of their local area. Goldbelly was founded in 2012 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Picmonkey

Seattle, Washington, United States

Picmonkey is an online graphic design and image editing platform that enables creators of any skill level to design high-quality visual assets - from presentations, advertisements and logos, to business cards and banners - for an array of use cases, including digital marketing, advertising, and social media posts. Picmonkey was founded in 2012 and is based in Seattle, Washington.

Sell $110M
SELLER

Cressey

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.

DEAL STATS #
Overall 21 of 22
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 6 of 7
State (Kentucky) 1 of 1
Country (United States) 20 of 21
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Lifeway Mobility

Hartford, Connecticut, United States

Lifeway Mobility is a provider of home accessibility and safety solutions, including ramps, stairlifts, wheelchair lifts, transfer aids, and bath safety products. Lifeway Mobility was founded in 2015 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Home Care Pulse

Rexburg, Idaho, United States

Home Care Pulse is a provider of satisfaction management, training, and performance benchmarking solutions for the home care industry and other post-acute end markets. Home Care Pulse was founded in 2008 and is based in Rexburg, Idaho.

Buy -
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