Stone Point Capital, the financial services-focused private equity firm, has acquired Lewis Ranieri’s Situs Holdings for around $200m, reflecting a sale at the upper end of expectations when the firm was put up for sale last October.
In Europe, Situs manages around €24bn of European commercial real estate loans in primary servicing and a further €700m of loans in special servicing and is one of the region’s largest third-party servicers in Europe.
Stone Point, which has with €13bn in committed capital under management, has acquired Situs from Ranieri Partners and WL Ross