Investment Summary

Stone Point Capital Invests In New Ocean Capital

On July 1, 2013, private equity firm Stone Point Capital invested in financial services company New Ocean Capital

Investment Highlights
  • This is Stone Point Capital’s 20th transaction in the Financial Services sector.
  • This is Stone Point Capital’s 7th transaction in Bermuda.
Investment Fate
  • New Ocean Capital was sold to a strategic buyer in 2018.

Investment Summary

Date 2013-07-01
Target New Ocean Capital
Sector Financial Services
Investor(s) Stone Point Capital
Deal Type Stake Purchase

Target

New Ocean Capital

Hamilton, Bermuda
New Ocean Capital is an asset manager focused on sourcing investment opportunities in the traditional (re)insurance market, the collateralized reinsurance market, and the reinsurance capital markets. New Ocean Capital is based in Hamilton, Bermuda.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 55 of 120
Sector: Financial Services M&A 20 of 38
Type: Stake Purchase M&A Deals 8 of 13
Country: Bermuda M&A 7 of 7
Year: 2013 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 Kroll

New York, New York, United States

Kroll is an independent financial advisory and investment banking firm, offering a broad range of consulting and advisory services to public and private companies. Kroll was founded in 1932 and is based in New York, New York.

Buy $666M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Verisight

Scottsdale, Arizona, United States

Verisight is an independent provider of recordkeeping and administration services to U.S. retirement plans. The company has in excess of $20 billion in assets under administration and provides services to more than 500,000 employee participants. Verisight is based in Scottsdale, Arizona.

Buy -