Stone Point Capital’s Acquisition of Genex Services


Kirkland & Ellis LLP represented funds advised by Apax Partners, a global private equity firm, on their sale of Genex Services, a leading provider of cost containment services to the workers’ compensation, disability and auto industries, to Stone Point Capital LLC. SunTrust Robinson Humphrey served as the exclusive strategic and financial advisor to Genex. Financial terms were not disclosed.

Funds managed by private equity firm Stone Point Capital LLC have entered into a definitive agreement to acquire a majority interest in Genex from funds advised by Apax Partners, a global private equity firm. The transaction is expected to close in the first quarter of 2018.

Founded in 1978, Genex helped introduce the medical management concept and has become one of the largest and most experienced medical cost containment and disability management providers today. Genex offers a broad continuum of services including utilization management, case management, bill review, independent medical examinations, Medicare Set-Asides, and Social Security Disability Insurance representation.

Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed seven private equity funds – the Trident Funds – with aggregate committed capital of approximately $19 billion. Stone Point 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.

The Kirkland team was led by corporate partners Sri Kaushik (Picture), Dvir Oren and John Kupiec and associates James Hu, Michael Marcantonio and Koren Grinshpoon.

Involved fees earner: Srinivas Kaushik – Kirkland & Ellis; Dvir Oren – Kirkland & Ellis; John Kupiec – Kirkland & Ellis; James Jian Hu – Kirkland & Ellis; Michael Marcantonio – Kirkland & Ellis; Koren Grinshpoon – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Apax Partners;

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Author: Ambrogio Visconti