Wealth Management Industry Covers Kestra Recapitalization
On October 15, 2024, Kestra Holdings announced its recapitalization in a renewed partnership with Stone Point Capital. Stone Point first invested in Kestra in 2016, supporting its spinout from NFP before becoming a minority investor in 2019. The firm’s return as majority shareholder represents a strong vote of confidence in the management team, its mission and platform.
Investment from Stone Point will fuel the continued growth of the Kestra ecosystem. Click here to view the press release. Read more coverage of the announcement below, from leading publications covering the wealth management industry.
- Barron’s Advisor (10.15.24) – Stone Point Buys Majority Stake in Kestra from Warburg Pincus. How Its CEO Plans to Use the Cash.
- S&P Global (10.15.24) – Deal Wrap: Leeds Equity buys OffSec; Sound Growth acquires Stueve Construction
- Citywire (10.15.24) – Stone Point Capital to buy majority stake in $117bn Kestra
- Financial Planning (10.15.24) – Kestra to recapitalize under its previous private equity owner
- Wealth Management (10.15.24) – Stone Point Takes Majority Stake in Kestra
- ThinkAdvisor (10.15.24) – Stone Point Returns as Kestra’s Top Private Equity Backer
- Financial Advisor Magazine (10.15.24) – Private Equity Firm Stone Point To Take Majority Stake In Kestra
- Mergers & Acquisitions (10.15.24) – Stone Point Takes Majority Interest in Kestra Holdings
- PE Hub (10.15.24) – Stone Point to take majority stake in financial services firm Kestra Holdings
- The DI Wire (10.15.24) – Stone Point Renews Partnership With Kestra Holdings, Buys Majority Stake
- InvestmentNews (10.15.24) – $117B Kestra wins vote of confidence in new Stone Point deal
- Connect Money (10.15.24) – Stone Point to Acquire Majority Stake in $117B Kestra