Stone Point to invest in Applied Systems
Stone Point Capital has agreed to take a minority stake in Applied Systems, a provider of cloud-based software that powers the business of insurance. No financial terms were disclosed. According to terms of the deal, Hellman & Friedman will retain its majority ownership of Applied Systems. The transaction is expected to close in the fourth quarter of 2017. Evercore and Jefferies served as financial advisers to Applied Systems on the transaction.
11 September 2017•4 mins read
