Debevoise Advises Stone Point Capital in Connection with Fiserv Agreement to Sell Majority Interest in its Insurance Business
New York (LAWFUEL) – July 2, 2008 – Debevoise & Plimpton LLP is advising Stone Point Capital LLC in connection with a definitive agreement between Fiserv, Inc., a leading provider of information technology services to the financial and insurance industries, and Trident IV, a private equity fund managed by Stone Point Capital LLC, in which Trident will invest approximately $205 million in equity to acquire a 51 percent majority interest in Fiserv’s insurance businesses.
Stone Point Capital LLC is a global private equity firm based in Greenwich, Connecticut. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Stephen R. Hertz and includes partners Paul D. Brusiloff and Vadim Mahmoudov, counsel Michael D. Devins and associates Peter Belmont Alderman, David S. Grosgold, Matthew Heintz, David S. Lebolt and John C. Lynch.