12/08/2021 | Press release | Distributed by Public on 12/08/2021 12:04
William Blair acted as the exclusive financial advisor to Businessolver, a portfolio company of Warburg Pincus and JMI Equity, in connection with its majority investment from Stone Point Capital. The transaction closed on December 1, 2021.
Transaction Highlights
About the Companies
Businessolver has delivered market-changing benefits technology and services supported by an intrinsic responsiveness to client needs since 1998. The company creates client programs that maximize benefits program investment, minimize risk exposure, and engage employees with easy-to-use solutions and communication tools to assist them in making wise and cost-efficient benefits selections. Founded by HR professionals, Businessolver's unwavering service-oriented culture and secure SaaS platform provide measurable success in its mission to provide complete client delight.
Warburg Pincus LLC is a leading global growth investor with more than $67 billion in private equity assets under management. The firm's active portfolio of more than 215 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 20 private equity funds, which have invested more than $97 billion in over 960 companies in more than 40 countries.
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 165 businesses in its target markets, successfully completed over 110 exits, and raised more than $6 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders.
Stone Point is an investment firm based in Greenwich, Connecticut, with approximately $30 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in a number of alternative asset classes, including private equity through its flagship Trident Funds. Stone Point also manages both liquid and private credit funds and managed accounts. In addition, Stone Point Capital Markets supports the firm, portfolio companies, and other clients by providing dedicated financing solutions.
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