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  6. Stone Point Capital Invests In Allied Benefit Systems

Investment Summary

Stone Point Capital Invests In Allied Benefit Systems

On February 18, 2021, private equity firm Stone Point Capital invested in insurance company Allied Benefit Systems

Investment Highlights
  • This is Stone Point Capital’s 30th transaction in the Insurance sector.
  • This is Stone Point Capital’s 85th transaction in the United States.
  • This is Stone Point Capital’s 4th transaction in Illinois.

Investment Summary
Date 2021-02-18
Target Allied Benefit Systems
Sector Insurance
Investor(s) Stone Point Capital
Deal Type Growth Capital
Advisor(s) Houlihan Lokey (Financial)
DLA Piper (Legal)

Target

Allied Benefit Systems

Chicago, Illinois, United States
Allied Benefit Systems is an independent third-party administrator of group health benefits to self-insured employers. Allied provides customized benefits solutions, medical management and cost control strategies to self-insured employer groups across the U.S. The company offers a broad array of network options, pharmacy solutions and care management strategies to enable its customers to reduce costs and drive improved member satisfaction. Allied Benefit Systems was founded in 1980 and is based in Chicago, Illinois.

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Investor(S) 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 STATS #
Overall 97 of 121
Sector: Insurance M&A 30 of 34
Type: Growth Capital M&A Deals 12 of 18
State: Illinois M&A 4 of 4
Country: United States M&A 85 of 109
Year: 2021 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Cotality

Irvine, California, United States

Cotality is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. Cotality was founded in 1894 and is based in Irvine, California.

Buy $6.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 DMG Bancshares

Irvine, California, United States

DMG Bancshares is a bank holding company building a West Coast regional community bank. DMG Bancshares is based in Irvine, California.

Buy -
Mergr

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