Black Mountain Systems Reaches Summit, Sells to Stone Point Capital

Buy-side provider seals purchase with private equity.

Black Mountain is based in San Diego, California.

San Diego, Ca.-based Black Mountain Systems, a trade management platform provider to investment managers, is now a property of private equity firm Stone Point Capital, a specialist in financial services investments.

The transaction will enable Black Mountain to hasten its pace of expansion and allow its management team to deploy additional resources for a broader roll-out of its product- and service-based Everest offerings, which focus on collateralized loan obligations (CLOs), bank loans, and other fixed income and alternatives assets.

"We see tremendous strategic value in Everest's highly configurable design, broad functionality and capacity to empower decision makers with complete and accurate information," says Charles A. Davis, CEO of Stone Point in New York. "We also recognize the technical and client-based expertise that the Black Mountain team brings to its clients, and we look forward to working with the management team to help Black Mountain reach its full potential."

"This is the right move for Black Mountain's long-term strategy and will enable us to better serve our customers and employees," adds Kevin MacDonald, Co-CEO of Black Mountain Systems. "I look forward to working with Stone Point as Black Mountain enters its next phase of innovation, growth and leadership."

Terms of the buy were not disclosed. SunTrust Robinson Humphrey acted as financial advisor to Black Mountain Systems.

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