Press Release

Kirkland Represents Stone Point Capital on Financing for Ascensus Acquisition

Kirkland & Ellis represents Stone Point Capital on the financing aspects of its acquisition, along with Singapore’s sovereign wealth fund GIC, of Ascensus from its current private equity ownership group led by Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital. Genstar Capital and Aquiline Capital Partners will maintain a minority stake in Ascensus. Ascensus is a technology-enabled services company that helps millions of people save for retirement, education, and healthcare. The transaction is expected to close in the third quarter of 2021, following regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed. 

Read more in Ascensus’ press release 

The Kirkland team was led by debt finance partners Eric Wedel, Ryan Rafferty and associate Marc Weinstein.

Kirkland has represented Stone Point in seven financing transactions since October 2020, totaling $9 billion in leveraged acquisition financing. The transactions are the latest examples of Kirkland’s market-leading financing-only capabilities.