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Capital One Backs Stone Point Capital’s Acquisition of Grace Hill

April 04, 2018, 07:08 AM
Filed Under: Specialty Industries

Capital One N.A. Financial Sponsors Group announced that it led a $65 million senior secured credit facility to support the acquisition of Grace Hill Holding Company (Grace Hill) by Stone Point Capital LLC (SPC). Capital One acted as lead arranger and administrative agent for 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.”

“The team at Capital One were impressively responsive to our needs, “said Dru Armstrong, CEO of Grace Hill. “They were able to take the lead and quickly provide us with the competitive financing solution that we needed.”

Grace Hill is a leading 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 – the Trident Funds – with aggregate committed capital of approximately $19 billion.

“This transaction required cooperation and communication across Capital One’s Technology, Media and Telecom (TMT), 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.

Capital One’s Technology, Media and Telecom (TMT) business provides financing for corporate growth, mergers and acquisitions, balance sheet refinancing and recapitalizations to companies across the TMT sectors, including application and infrastructure software, financial technology, cable, radio and television broadcasting, business information services and data analytics, educational media and services, entertainment media and communications infrastructure. The TMT business also provides a full range of other services, including loan syndication, treasury management, capital market products, and institutional asset management.

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