Situs Strategic Partnership with Stone Point Capital

January 21, 2015

On January 6, 2015, Situs, a Houston-based provider of commercial real estate advisory services and related integrated process and technology solutions, announced that it had agreed to be acquired by funds managed by Stone Point Capital LLC.

On January 6, 2015, Situs, a Houston-based provider of commercial real estate advisory services and related integrated process and technology solutions, announced that it had agreed to be acquired by funds managed by Stone Point Capital LLC (“Stone Point”), a private equity firm focused on investing in the global financial services industry. Stone Point is acquiring the stake in Situs from Ranieri Partners and WL Ross & Co. Situs has operations in North America, Europe and Asia.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2015.  The terms of the transaction were not disclosed.

To read the press release: please click here.


Categories

Investment Manager M&A, Private Equity M&A, Transactions