Stake Purchase • Financial Services

Stone Point Capital Invests In Achieve

On January 1, 2015, private equity firm Stone Point Capital invested in financial services company Achieve

Investment Context
  • This is Stone Point Capital’s 23rd transaction in the Financial Services sector.
  • This is Stone Point Capital’s 54th transaction in the United States.
  • This is Stone Point Capital’s 2nd transaction in Arizona.

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Investment Summary

Date January 1, 2015
Target Achieve
Sector Financial Services
Investor(s) Stone Point Capital
Deal Type Stake Purchase

Target Company

Achieve

Tempe, Arizona, United States
Achieve is a provider of consumer debt consolidation services and originates consumer and small business loans. The company is comprised of three consumer-focused businesses: (i) Freedom Debt Relief, debt settlement business, (ii) Bills.com, which generates mortgage and unsecured consumer lending leads and (iii) Freedom Asset Management, an unsecured marketplace lender. Achieve was founded in 2002 and is based in Tempe, Arizona.
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Investor Overview 1

Investor

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 Context for Investor #
Overall 65 of 121
Sector: Financial Services 23 of 39
Type: Stake Purchase 12 of 13
State: Arizona 2 of 3
Country: United States 54 of 109
Year: 2015 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 AAM

Chicago, Illinois, United States

AAM is an asset management firm providing fixed income asset management services to insurance companies. The company manages core fixed income assets on behalf of property & casualty and life insurance clients and offers convertible bond and high yield products through sub-advisory relationships.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 SitusAMC

New York, New York, United States

SitusAMC is a provider of end-to-end strategic business solutions and integrated process and technology solutions for the financial services Industry, and also has offered customized services to leading financial institutions, investors, owners, and developers. SitusAMC was founded in 1985 and is based in New York, New York.

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