M&A Deal Summary

Stone Point Capital Acquires Vervent

On July 16, 2019, private equity firm Stone Point Capital acquired financial services company Vervent

Acquisition Highlights
  • This is Stone Point Capital’s 31st transaction in the Financial Services sector.
  • This is Stone Point Capital’s 79th transaction in the United States.
  • This is Stone Point Capital’s 11th transaction in California.

M&A Deal Summary
Date 2019-07-16
Target Vervent
Sector Financial Services
Buyer(s) Stone Point Capital
Deal Type Recapitalization

Target

Vervent

San Diego, California, United States
Vervent is a loan servicing company offering in-depth industry expertise, cutting-edge technology and a comprehensive array of services across a variety of asset classes. Vervent was founded in 1986 and is based in San Diego, California.

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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 91 of 114
Sector (Financial Services) 31 of 36
Type (Recapitalization) 5 of 5
State (California) 11 of 14
Country (United States) 79 of 101
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 PFSC

Portland, Oregon, United States

PFSC is a third-party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize and royalty-based receivables). PFSC provides a comprehensive suite of services including primary servicing, successor servicing and backup servicing. PFSC also provides certain focused services such as document custodianship and verification agent services, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. PFSC was founded in 1992 and is based in Portland, Oregon.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 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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