Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion.

February 16, 2023 Bill Rogers | Chuck Davis | Davis Polk & Wardwell | John Howard | Morgan Stanley | Mubadala Investment Company | Simpson Thacher & Bartlett | Stone Point Capital | Truist | Truist Insurance Holdings | Truist Securities Ian Koplin

Kuntz Appointed CEO of Gordon Brothers in Leadership Transition

Norma Kuntz will be appointed CEO of Gordon Brothers, effective Feb. 13, 2023. Ken Frieze, the company’s current CEO, and Michael Frieze, the current chairman, will continue to serve the company as chairman and chairman emeritus, respectively.

December 2, 2022 Chuck Davis | Gordon Brothers | Ken Frieze | Michael Frieze | Norma Kuntz | Stone Point Capital Ian Koplin

TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

November 8, 2022 Bayview Asset Management | Cleary Gottlieb Steen & Hamilton | David Nason | Davis Polk & Wardwell | Goldman Sachs | J.P. Morgan Securities | Jefferies | Nuveen | Reverence Capital Partners | Simpson Thacher & Bartlett | Sixth Street | Steve Fischer | Stone Point Capital | TIAA | TIAA Bank | Wachtell Lipton Rosen & Katz | Warburg Pincus Ian Koplin

ECN Capital Sells Kessler Group Business to Stone Point Capital

ECN Capital entered into a definitive agreement with funds managed by Stone Point Capital to sell all of the issued and outstanding equity interests in ECN Kessler Holdco, a wholly-owned, indirect subsidiary of the ECN through which ECN operates the Kessler Group business.

August 26, 2022 ECN Capital | Steven Hudson | Stone Point Capital Ian Koplin

Ares Management Closes $31.8B in New Commitments in Last 12 Months

F.N.B. entered its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C., area and plans to extend its commercial banking operations into Richmond, VA, with a new loan origination center.

July 28, 2022 AffiniPay | American Technologies | Ares Management | Bansk Group | Beeline | Bottomline Technologies | Crete Mechanical Group | Foundation Risk partners | Insight Partners | Kaseya | Mimecast | OMERS Private Equity | Permira Advisers | Premise Health | Ridgemont Equity Partners | Stone Point Capital | TA Associates | Thoma Bravo | TSG consumer Partners | Warburg Pincus | Woodstream Ian Koplin

Stone Point Capital Partners with R. Seelaus to Create Seelaus Financial

Stone Point Capital and R. Seelaus partnered to create Seelaus Financial. Seelaus Financial says it will be the first women-owned platform capable of underwriting, structuring, arranging and distributing leveraged loans on a committed and best-efforts basis.

February 16, 2022 Annie Seelaus | Chuck Davis | R. Seelaus | SPC Capital Markets | Stone Point Capital Ian Koplin

Eagle Point Credit Management Adds Weinstein as Director of Business Development

Eagle Point Credit Management added Seth Weinstein to the firm as a director of business development. Weinstein most recently served as senior vice president of business development at CQS, a credit-focused multi-strategy asset manager.

February 17, 2021 Eagle Point Credit Management | Kyle McGrady | Seith Weinstein | Stone Point Capital | Thomas Majewski Phil Neuffer

Churchill Arranges $185MM Facility for Stone Point Eliassen Buy

Churchill Asset Management served as joint lead arranger and joint bookrunner on a $185 million senior secured credit facility. The funds were used to support Stone Point Capital’s acquisition of Eliassen Group.

December 4, 2018 Churchill Asset Management | Eliassen Group | Randy Schwimmer | Stone Point Capital Amanda Koprowski

Gordon Brothers Receives Investment from Trident VII Funds

Trident VII Funds, managed by Stone Point Capital, made an investment in Gordon Brothers. Stone Point Capital is a private equity firm focused on investing in the financial services industry.

April 30, 2018 Gordon Brothers | Stone Point Capital | Trident VII Funds ABF Journal

Capital One Agents $65MM Facility for Stone Point

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.

April 4, 2018 Al Aria | Andrew Reutter | Capital One | Grace Hill Holding Company | Stone Point Capital ABF Journal