Stone Point Capital to Acquire Majority Stake in LegalShield from MidOcean Partners - Stone Point

▤ Summary

Stone Point Capital has agreed to acquire a majority stake in LegalShield from MidOcean Partners. LegalShield will keep its current management team, employee base, and headquarters in Ada, Oklahoma. The company provides subscription legal plans and identity theft protection to more than 1.7 million members across the U.S. and Canada. MidOcean will retain a minority stake, and the deal is expected to close in the second quarter of 2018. The announcement highlights Stone Point’s intent to support LegalShield’s growth across channels and geographies.

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