LegalShield is a leading provider of subscription-based pre-paid legal and identity theft protection plans to individuals, families and businesses across the U.S. and Canada.
Services are provided to approximately 2 million active members through a network of dedicated law firms and identity theft monitoring partners.
INDUSTRY KNOWLEDGE & NETWORK
Stone Point leveraged its extensive experience and network to help expand LegalShield’s employer-sponsored voluntary benefits presence through introductions to benefit brokers and corporate clients. Stone Point also facilitated distribution relationships with multiple benefits administration platforms.
OPERATIONAL ASSISTANCE & GOVERNANCE
Stone Point helped enhance LegalShield’s reporting framework to prioritize long-term value creation, as well as assist in the transition of the company’s largest vendor relationship, resulting in significant savings.
M&A SOURCING
Stone Point worked with LegalShield to evaluate, negotiate, execute and finance the company’s first major tuck-in acquisition in more than 20 years.
EXECUTIVE RECRUITING & ALIGNMENT
Stone Point helped recruit several members of LegalShield’s senior management team and established an equity incentive plan for the company.
CAPITAL RAISING & STRUCTURING
Stone Point has facilitated multiple third-party debt financings, which have been critical to fund a tuck-in acquisition and return capital to shareholders. Also, less than a year and a half into its ownership of LegalShield, Stone Point secured a minority recapitalization with a longstanding Stone Point relationship, which validated the company’s progress and provided partial liquidity to shareholders.
