18 04 2016

Stone Point Capital LLC acquires NFP’s Advisor Services business

Kramer Levin is advising Stone Point Capital LLC


Stone Point Capital LLC is a private equity firm specializing in mature, middle market, PIPEs, and buyout investments. The firm, led by Charles Arthur Davis, Stephen Friedman, Richard A. Goldman, David J. Wermuth and Jacqueline M. Giammarco, is based in Greenwich. NFP’s Advisor Services business provides broker-dealer and registered investment advisor support to independent financial advisors. NFP is the fifth-largest global benefits broker by revenue and has 3,600 employees. Under the terms of the agreement, NFP’s Advisor Services business will change its name to Kestra Financial. Stone Point will acquire majority ownership of Kestra, and NFP’s parent will retain a substantial minority ownership stake. The transaction is expected to close in June. The Kramer Levin team advising Stone Point is led by Corporate partner Howard T. Spilko (Picture) and associate Seth R. Merl, with assistance from Banking and Finance special counsel Mae Rogers and associate Jennifer Li Godyn, Corporate associates Scott A. Abramowitz, Alexander Traum, Caroline Levin and Raymond Hedaya, Insurance partner Daniel Rabinowitz, Intellectual Property counsel Kevin Moss and associate Gabrielle Nagler, Employment Law partner Robert N. Holtzman, Employee Benefits special counsel Avram J. Cahn, Real Estate associate Joshua S. Winefsky, and Tax partner Barry Herzog and associate Rita Celebrezze. Involved fees earner: Howard Spilko - Kramer Levin Naftalis & Frankel LLP; Seth Merl - Kramer Levin Naftalis & Frankel LLP; Scott Abramowitz - Kramer Levin Naftalis & Frankel LLP; Alexander Traum - Kramer Levin Naftalis & Frankel LLP; Caroline Levin - Kramer Levin Naftalis & Frankel LLP; Raymond Hedaya - Kramer Levin Naftalis & Frankel LLP; Mae Rogers - Kramer Levin Naftalis & Frankel LLP; Jennifer Li Godyn - Kramer Levin Naftalis & Frankel LLP; Daniel Rabinowitz - Kramer Levin Naftalis & Frankel LLP; Kevin Moss - Kramer Levin Naftalis & Frankel LLP; Gabrielle Marin Nagler - Kramer Levin Naftalis & Frankel LLP; Robert Holtzman - Kramer Levin Naftalis & Frankel LLP; Avram Cahn - Kramer Levin Naftalis & Frankel LLP; Joshua Winefsky - Kramer Levin Naftalis & Frankel LLP; Barry Herzog - Kramer Levin Naftalis & Frankel LLP; Rita Celebrezze - Kramer Levin Naftalis & Frankel LLP;

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