Bigger role for Stone Point Capital at Bullhorn

Recruiting software firm Bullhorn has announced that Stone Point Capital is to become the lead investor for its next phase of growth. At the same time, according to Bullhorn, Insight Partners and Genstar will remain investors in the business.

The entire Bullhorn management team will stay with the company.

The announcement said that Stone Point’s sector expertise in staff and financial services will help to guide Bullhorn’s momentum with its pay and bill solutions. These allow staffing firms to align their sales and recruiting teams with finance and operations on a single platform that unifies operational and finance information. 

Stone Point is already an investor in one of Bullhorn’s partners, Prism HR, which provides an integrated payroll and benefits solution.

Bullhorn said it expected the investment by Stone Point to close early in the fourth quarter of 2020. Terms of the deal will not be disclosed. Lazard and District Capital Partners served as financial advisers to Bullhorn in connection with the transaction.