Capital One Financial Sponsors Group led a $65 million senior secured credit facility to support Stone Point Capital’s acquisition of Grace Hill. Capital One acted as lead arranger and administrative agent on the transaction.
“It’s clear that the team at Capital One possesses a great depth of understanding of the technology and digital media space,” said Andrew Reutter at SPC. “We were confident in their ability to deliver strategic recommendations throughout this process.”
Grace Hill is a learning management system provider of online compliance training and administrative solutions for the multifamily property management industry. SPC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed seven private equity funds with aggregate committed capital of approximately $19 billion.
“This transaction required cooperation and communication across Capital One’s Technology, Media and Telecom, Commercial Real Estate and Financial Sponsors Groups, highlighting our ability to work across multiple lines of business to provide our clients with the industry expertise and financing support they need,” said Al Aria, senior managing director with Capital One Commercial Banking.