US Private Credit: Stone Point Leads Financing for Vensure Employer Solutions

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In a significant move for the US private credit market, Stone Point Capital LLC, based in Greenwich, Connecticut, has led a senior secured financing of $500 million for Vensure Employer Solutions. Vensure, a prominent provider of HR/HCM technology, managed services, and global business process outsourcing, will utilize the financing to support its ongoing Merger & Acquisition strategy. This financing round includes a $450 million Delayed Draw Term Loan B, which has been upsized from its initial launch size of $250 million, and a $50 million Revolving Credit Facility.

Vensure has positioned itself as a leading player in the HR technology and service sector, with over 58 successful acquisitions since 2017, 34 of which have taken place after Stone Point Capital's investment in 2021. The added financial support from Stone Point Capital positions Vensure to pursue its accelerated growth trajectory and capitalize on the substantial market opportunities expected in the coming years.

According to Alex Campos, CEO of Vensure Employer Solutions, "Stone Point Capital Markets continues to deliver on raising financing for Vensure to execute on its M&A strategy. We see tremendous market opportunities going into 2024, and this funding will allow us to continue the accelerated growth trajectory we've experienced since we began working with Stone Point Capital."

Vensure's comprehensive portfolio of solutions encompasses HR/HCM technology, managed services, and global business process outsourcing. As the largest privately held organization in the HR technology and service sector, Vensure serves over 95,000 businesses and processes over $135 billion in annual payroll. Headquartered in Chandler, Arizona, Vensure operates as a "One Employer Solution," helping businesses streamline and grow their operations with tailored strategies that benefit both employers and employees.

On the other hand, Stone Point Capital Markets (SPCM) is a full-service capital markets platform that specializes in providing custom debt and equity financing solutions to corporates and sponsor-backed portfolio companies. As part of its services, SPCM incorporates a registered broker-dealer with a dedicated team capable of originating, structuring, arranging, underwriting, and distributing various capital solutions, including structured products. SPCM comprises SPC Financing Co and SPC Capital Markets LLC, both registered broker-dealers with the SEC and members of FINRA and SIPC.

With the backing of Stone Point Capital, Vensure Employer Solutions is poised to continue its impressive growth journey and solidify its position as a leading provider in the HR technology and service sector. As the demand for HR/HCM technology and global business process outsourcing increases, Vensure's comprehensive portfolio of solutions will play a crucial role in helping businesses streamline their operations and achieve their growth objectives.

This partnership between Stone Point Capital and Vensure Employer Solutions highlights the confidence placed in the HR technology and service sector and the potential for significant growth in the coming years. With Stone Point Capital's expertise in private equity financing and Vensure's strong track record of successful acquisitions, the future looks promising for both entities.

As the US private credit market continues to evolve and adapt to changing market dynamics, partnerships like the one between Stone Point Capital and Vensure Employer Solutions will be instrumental in driving innovation and supporting the growth of businesses across various industries. With increased access to capital and tailored financing solutions, companies can leverage new opportunities, expand their operations, and thrive in today's competitive business landscape.

In conclusion, Stone Point's financing of $500 million for Vensure Employer Solutions marks a significant development in the US private credit market. With this funding, Vensure is well-positioned to pursue its M&A strategy and continue its accelerated growth trajectory. The partnership between Stone Point Capital and Vensure Employer Solutions demonstrates the potential for growth in the HR technology and service sector and highlights the importance of tailored financing solutions in enabling businesses to thrive. As the market evolves, collaborations like this will play a crucial role in driving innovation and supporting businesses in achieving their growth objectives.