Capital One backs Stone Point Capital’s acquisition of Grace Hill

Capital One N.A. Financial Sponsors Group has led a $65 million secured credit facility to support Stone Point Capital LLC’s acquisition of Greenville South Carolina-based Grace Hill, a provider of online training, credentialing, and mystery shopping solutions for property managers. Capital One was the lead arranger and administrative agent for the transaction.

PRESS RELEASE

New York, NY (April 3, 2018) –Capital One N.A. Financial Sponsors Group announced today that it led a $65 million senior secured credit facility to support the acquisition of Grace Hill Holding Company (“Grace Hill”) by Stone Point Capital LLC (“SPC”). Capital One acted as lead arranger and administrative agent for the transaction.

“It’s clear that the team at Capital One possesses a great depth of understanding of the technology and digital media space,” said Andrew Reutter at SPC. “We were confident in their ability to deliver strategic recommendations throughout this process.”

“The team at Capital One were impressively responsive to our needs, “said Dru Armstrong, CEO of Grace Hill. “They were able to take the lead and quickly provide us with the competitive financing solution that we needed.”

Grace Hill is a leading learning management system provider of online compliance training and administrative solutions for the multifamily property management industry. SPC 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.

“This transaction required cooperation and communication across Capital One’s Technology, Media and Telecom (TMT), Commercial Real Estate and Financial Sponsors Groups, highlighting our ability to work across multiple lines of business to provide our clients with the industry expertise and financing support they need,” said Al Aria, Senior Managing Director with Capital One Commercial Banking.

Capital One’s Technology, Media and Telecom (TMT) business provides financing for corporate growth, mergers and acquisitions, balance sheet refinancing and recapitalizations to companies across the TMT sectors, including application and infrastructure software, financial technology, cable, radio and television broadcasting, business information services and data analytics, educational media and services, entertainment media and communications infrastructure. The TMT business also provides a full range of other services, including loan syndication, treasury management, capital market products, and institutional asset management.

Capital One N.A. Financial Sponsors Group is a leading provider of financing, banking and capital markets services to the middle market private equity sponsor community, offering creative and flexible capital to customers across a broad range of industries. Customized financing solutions provided include acquisition financings, refinancing of existing debt, recapitalizations, support for working capital needs and funding growth initiatives.

About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $243.7 billion in deposits and $365.7 billion in total assets as of December 31, 2017. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.