FX.co ★ SunFireMatrix Acquired By KKR For Undisclosed Terms

SunFireMatrix, Inc., a company that provides software and services to the insurance and health plan sectors, announced its acquisition by KKR & Co. Inc., a prominent investment firm, on Tuesday. While the financial specifics of the deal are undisclosed, it's known that Stone Point Capital LLC, SunFireMatrix's former majority owner, will retain a substantial minority stake in the company post-acquisition.

The investment by KKR is being financed through its Health Care Strategic Growth (HCSG) Fund II, which aims to invest in rapidly growing healthcare companies. Ali Satvat, the Partner and Global Head of Health Care Strategic Growth at KKR, commends SunFire for its customer-oriented approach and is excited about the upcoming phase of the company's growth.

The financial firms Evercore and William Blair served as advisors to KKR and SunFire, respectively, for this transaction.