Stone Point Capital Markets, a division of Stone Point Capital, a private equity firm based in Greenwich, CT, led a senior secured financing of $500 million to support Vensure Employer Solutions, a provider of HR/HCM technology, managed services and global business process outsourcing,.
The financing was comprised of an additional $450 million delayed draw term loan B. The delayed draw term loan was upsized from $250 million at launch and will be used to provide capacity for Vensure to continue pursuing its merger and acquisition strategy. It also had an additional $50 million revolving credit facility.
“Stone Point Capital Markets continues to deliver on raising financing for Vensure to execute on its M&A strategy,” Alex Campos, CEO of Vensure Employer Solutions, said. “We see tremendous market opportunities going into 2024 and this funding will allow us to continue the accelerated growth trajectory we’ve experienced since we began working with Stone Point Capital.”
