Financial services

Stone Point to take majority stake in financial services firm Kestra Holdings

Warburg Pincus will exit its investment in Kestra following the deal's closing while Oak Hill Capital will remain a minority owner.

Oaktree partners with B Riley Financial to form Great American Holdings

Great American is a newly formed holding company.

GTCR makes senior promotions and appointments

Tom Ehrhart and Mark Springer were promoted to managing directors.

Adenia Partners expands into Egypt

As part of the move, Adenia has hired Cairo-based Heba Hakky as principal.

TA Associates picks up majority stake in Solifi

Existing investor Thoma Bravo will continue to maintain a 'meaningful stake' in Solifi.