Stone Point Capital Acquires Bankruptcy Management Solutions
“We are excited by what Stone Point Capital brings to BMS,” said Steve Moore, Chief Executive Officer of the Company. “BMS is well-established as the leader in Chapter 7 case management solutions and, over the past several years, the Company has significantly expanded its product offering for Chapter 11 bankruptcies, receiverships and out-of-court workouts. We believe that Stone Point Capital’s commitment to grow the Company, coupled with the firm’s unparalleled acumen, experience and relationships within the financial services industry makes Stone Point Capital the ideal partner for BMS.”
Private equity funds managed by Stone Point Capital have invested in businesses in complementary sectors, including (i) JND Legal Administration, a business outsourcing firm focused on the management and administration of class action, bankruptcy and mass tort claims, (ii) Freedom Financial, which provides comprehensive consumer credit and advocacy services through its Freedom Debt Relief, Bills.com and Freedom Asset Management businesses, and (iii) Millstein & Co., an advisory firm that specializes in the development and implementation of solutions for complex corporate and public finance problems, including bankruptcies and restructurings.
About Bankruptcy Management Solutions, Inc.
Bankruptcy Management Solutions, Inc. has been the industry’s premier provider of bankruptcy case administration software and depository services for more than 25 years. BMS’s solutions support the administrative and legislative requirements of Chapter 7 panel trustees, liquidating and post-confirmation Chapter 11 trustees and a variety of other fiduciaries involved in bankruptcies, restructurings, liquidations and claims distributions – all while providing superior support services through a national network of account managers, U.S.-based software and banking support centers, and comprehensive training resources. For more information about BMS, visit www.BMSAdvantage.com.
About Stone Point Capital LLC
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. Stone Point Capital targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For more information about Stone Point Capital, visit www.stonepoint.com.