Warburg Pincus Recapitalizes Kestra Financial; Stone Point Retains Minority Stake

Stone Point Capital Agrees to Acquire Majority Interest in Kestra Holdings (Recapitalization)

October 19, 2024

Financial Services

Funds managed by Stone Point Capital have agreed to acquire a majority interest in Kestra Holdings’ parent partnership, replacing Warburg Pincus as the current partner. Oak Hill Capital will remain a minority owner, while the Kestra management team and Bluespring-affiliated principals will retain equity positions.

Oak Hill Capital Joins Warburg Pincus in Recapitalization of Kestra Holdings

September 30, 2022

Financial Services

Kestra Holdings, an Austin-based wealth management platform, completed a recapitalization in which Oak Hill Capital acquired the minority equity position previously held by funds managed by Stone Point Capital, while Warburg Pincus remains the majority investor. The transaction brings a new private capital partner to support Kestra’s continued scaling, platform investments and capability expansion across its wealth management businesses.

Warburg Pincus Acquires Majority Stake in Keystone Agency Partners; Bain Capital Reinvests

July 16, 2025

Financial Services

Warburg Pincus will acquire a majority stake in Keystone Agency Partners through a private transaction. Bain Capital, which originally launched Keystone in 2020, will retain a minority position via a new investment from Bain Capital Insurance, and the deal is expected to close in Q3 2025 subject to regulatory approvals.

Stone Point Capital Acquires ECN Capital's Kessler Group Business

October 4, 2022

Financial Services

Funds managed by Stone Point Capital have completed the acquisition of all issued and outstanding equity interests in ECN Kessler Holdco LLC (the Kessler Group) from ECN Capital. ECN Capital said it will use the net proceeds to pay down debt and redeploy capital to accelerate tuck-in acquisitions in its prime marine and RV financing business.

Trinity Hunt Partners Recapitalizes Keste

June 17, 2020

IT Services

Trinity Hunt Partners has acquired a majority stake in Keste, a Plano, Texas–based provider of B2B digital transformation and cloud services. The recapitalization will partner Trinity Hunt with Keste founders (who remain significant shareholders) to accelerate growth and scale the business through add-on acquisitions and expanded capabilities.

Stone Point and Co-Investors Acquire 20% Stake in Truist Insurance Holdings

April 3, 2023

Financial Services

Funds managed by Stone Point Capital, with co-investors including Mubadala Investment Company and other unnamed investors, acquired a 20% minority stake in Truist Insurance Holdings from Truist Financial Corporation for $1.95 billion, implying an aggregate valuation of $14.75 billion. Truist retains an 80% majority stake; the partnership is intended to provide growth capital and industry expertise to support future growth and consolidation of the insurance business.