Alliant Insurance to get new facility with Stone Point investment

By Sara Rosenberg

New York, June 23 – Alliant Insurance Services Inc. plans on getting a new credit facility in connection with a significant equity investment from Stone Point Capital LLC, according to a market source.

Morgan Stanley Senior Funding Inc., UBS AG and Jefferies Finance LLC are the leads on the deal.

As part of the transaction, funds managed by Stone Point will become the company’s largest institutional shareholders, and Alliant’s existing shareholders, which include management and producers as well as funds affiliated with KKR, will remain significant shareholders in the business.

Alliant Insurance is a Newport Beach, Calif.-based specialty insurance brokerage firm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.