Millstein & Co., a diversified financial services firm that specializes in developing and implementing solutions for complex corporate and public finance problems, closed on a minority investment from funds managed by Stone Point Capital LLC, a private equity firm focused on investing in financial services businesses.
The amount of the deal was not disclosed.
The company will use proceeds of the investment to bolster its principal investment business.
Led by Jim Millstein, chairman and founder, Millstein & Co. is a financial services firm with over 30 professionals in offices in New York and Washington, DC. The advisory group provides independent advice to corporations, institutional investors and governmental clients involved in mergers and acquisitions, restructurings and other special situations.