Stone Point Capital Leads $91.7 Million Round for Auction.com
Stone Point Capital led a $91.7 million private equity round of funding for Auction.com for an undisclosed business transaction, according to an SEC filing.
Two investors including Greenwich, Conn.-based Stone Point bought shares and convertible securities. The company also said in the filing it was “currently undergoing (a) valuation process.”
Irvine, Calif.-based Auction.com, founded in 1990, has sold over $12 billion of real estate assets on its site. It has offices and operations in Dallas and New York.
The company is led by CEO Jeffrey Frieden.