OneDigital Welcomes Strategic Investment from Stone Point Capital and CPP Investments

Core Insights - OneDigital has received a majority investment from Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments), valuing the company at over US $7 billion, aimed at supporting its growth through organic expansion and strategic acquisitions [2][3][4] Company Overview - OneDigital is celebrating 25 years in business and focuses on delivering integrated insurance, financial, and workforce solutions to empower businesses and individuals [3][6] - The firm operates across five core verticals: employee benefits and HR, retirement & wealth management, property & casualty, PEO, and Medicare Advantage [3] Investment Details - The investment will be made through the acquisition of a stake from existing shareholders, including Onex Partners, which will remain a significant minority owner [2][5] - This marks OneDigital's fourth equity recapitalization, reflecting long-term confidence in its leadership and growth trajectory [3][4] Strategic Goals - The partnership with Stone Point Capital and CPP Investments is expected to enhance OneDigital's capabilities in technology and human resources, further strengthening its client services [4] - The management team expresses enthusiasm about the growth potential and plans to collaborate closely with investors to create value [4][5] Financial Advisors - Evercore acted as the lead financial advisor to OneDigital, with Ardea Partners and Barclays also providing advisory services [5]