Stone Point Capital has signed an agreement to acquire the majority interest in Sabal Capital Partners through its Trident VII funds. The deal is set to close in August 2018.
Sabal Investment Advisors, Sabal Investment Holdings and its managed funds will be merged into the company platform to focus on the small balance real estate sector. The firm will continue to be operated by Founder & CEO Pat Jackson, as well as other senior members that will make investments within the company alongside the Trident VII funds.
“From the start, Sabal has always proven its business model through execution and volume, as well as through cutting-edge technology innovation and the efficiencies derived from it,” Jackson, told Multi-Housing News. “But we had grown to a size where a strategic relationship with a capital partner of Stone Point Capital’s caliber and pedigree was the right next step in our evolution as a company. We are now even better positioned to deliver expanded offerings to our valued brokers and borrowers.”
This news follows the firm’s recent selection as a seller and servicer for Freddie Mac’s Targeted Affordable Housing Express Program, following Sabal’s ongoing loan origination and servicing volume for the Freddie Mac Small Balance Loan Program.
Sabal Capital Partners and the sellers are represented by Wells Fargo Securities, Beekman Advisors, Arnold & Porter and Kirkland & Ellis. Stone Point Capital is represented by Kramer Levin Naftalis & Frankel.
Image courtesy of Sabal Capital Partners