Investment Summary

Stone Point Capital Invests In ARC

On January 1, 2002, private equity firm Stone Point Capital invested in insurance company ARC

Investment Highlights
  • This is Stone Point Capital’s 5th transaction in the Insurance sector.
  • This is Stone Point Capital’s 4th transaction in the United States.
  • This is Stone Point Capital’s 1st transaction in New York.

Investment Summary
Date 2002-01-01
Target ARC
Sector Insurance
Investor(s) Stone Point Capital
Deal Type Growth Capital

Target

ARC

Jericho, New York, United States
ARC is a wholesale insurance broker. The company specializes in professional liability products and services, including directors and officers, errors and omissions, and other specialty coverages distributed through several hundred regional brokers. ARC was founded in 1986 and is based in Jericho, New York.

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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 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 6 of 114
Sector (Insurance) 5 of 31
Type (Growth Capital) 1 of 17
State (New York) 1 of 19
Country (United States) 4 of 101
Year (2002) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 James River Group

Chapel Hill, North Carolina, United States

James River Group, Inc. is an insurance holding company. James River Group’s two operating companies – the Richmond, Virginia-based James River Insurance Company and the Raleigh, North Carolina-based Stonewood Insurance Company – underwrite in two specialty areas: excess and surplus lines in 49 states, the District of Columbia and the U.S. Virgin Islands, and workers’ compensation, primarily for the residential construction industry in North Carolina and Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Signal Holdings

Wayne, Pennsylvania, United States

Signal Holdings LLC is a leading provider of third party claims administration and claims fulfillment, servicing a broad range of warranty markets including wireless handsets and home appliance warranties.

Buy -
Mergr

Product

Company

Legal