New York, NY – June 2, 2005 – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP is advising the management team of MMC Capital in the purchase of the private equity business of MMC Capital, the private equity subsidiary of Marsh & McLennan Companies, Inc. The new firm will be named Stone Point Capital LLC and will continue to focus on investments in the insurance and financial services sectors. This transaction was completed today.
Stone Point Capital LLC is a specialized private equity firm based in Greenwich, Connecticut. It serves as the investment manager of the Trident funds, private equity funds that have raised more than $3 billion to make investments in the insurance and financial services sectors. Prior to the formation of Stone Point Capital in 2005, the principals of the firm led MMC Capital, the private equity business of Marsh & McLennan Companies, Inc. Marsh & McLennan Companies, Inc. is a global professional services firm with annual revenues exceeding $12 billion. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, London, Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partners Stephen R. Hertz and Rebecca F. Silberstein and includes partners Adele M. Karig, David P. Mason and Seth L. Rosen and associates David S. Lebolt, Vadim Mahmoudov, Purvi Shah Goor and Katrina C. Szakal.