Stone Point Capital is preparing to sell Grace Hill, a talent management technology provider for the real estate industry, sources familiar with the matter told PE Hub.
The firm has hired William Blair to provide financial advice on the sale process, which is expected to kick off soon, the people said.
Grace Hill, based in Greenville, South Carolina, provides a technology-enabled talent performance platform that help owners and operators of real estate properties increase property performance, reduce operating risk and grow top talent.
The company generates between $15 million and $20 million in EBITDA, the sources said.
Stone Point acquired a majority interest in the company in March 2018 and has since grown Grace Hill through multiple add-ons.
In October 2018, the company acquired The Strategic Solution, a multifamily industry provider of policy solutions. More recently, in January, Grace Hill acquired Kingsley Associates, a provider of research and benchmarking tools for the property management industry.
Stone Point is a financial services-focused private equity firm based in Greenwich, Connecticut. The firm has raised and managed eight private equity funds – the Trident Funds – with aggregate committed capital of more than $25 billion.
Last year, in January 2020, the firm closed on its eighth private equity fund, Trident VIII, with $7 billion in total commitments.
Stone Point, Grace Hill, and William Blair did not return PE Hub’s requests for comment.