Nordic Capital and Great Hill Partners Invest in One Inc

Great Hill Partners Recapitalizes One Inc

February 26, 2020

Payments & Fintech

Great Hill Partners led a recapitalization of One Inc, a Folsom, California-based digital payments platform focused on the insurance industry, in partnership with One Inc's management team. The capital will support expansion of engineering, sales, and marketing as One Inc refocuses on insurance-specific payments products; Matt Vettel and Nick Cayer of Great Hill joined One Inc's board. Financial terms were not disclosed.

Onex Acquires Majority Stake in OneDigital from New Mountain Capital

October 8, 2020

Insurance

Onex Corporation (the Onex Group) agreed to acquire a majority ownership stake in OneDigital from New Mountain Capital, with the transaction valuing OneDigital at $2.65 billion and including an approximate $960 million equity investment by Onex. OneDigital, a leading U.S. employee benefits brokerage and retirement/wealth advisory firm headquartered in Atlanta with more than 2,000 employees, will have Onex and employees owning roughly 83% upon closing; New Mountain will sell down its position. The deal is expected to close in late 2020 pending customary approvals, including HSR clearance.

One Inc Acquires Invenger Technologies (Invenger-InsurPay)

August 5, 2020

Payments & Fintech

One Inc has acquired Invenger Technologies, including its Invenger-InsurPay claims payment product, to enhance claims payment functionality within One Inc's digital payments platform. The deal expands One Inc's capabilities for insurers and follows One Inc's recapitalization led by Great Hill Partners, combining both companies' customer bases and technology.

Bain Capital Credit and Pacific Lake Partners Lead Growth Investment in OneShield Software

November 24, 2020

Cloud & SaaS

OneShield Software, a Marlborough, Massachusetts-based provider of SaaS core systems for property & casualty (P&C) insurers, received a growth investment led by Bain Capital Credit and Pacific Lake Partners. The funding will accelerate OneShield’s expansion in the P&C insurance software market and support investments in product and delivery capabilities; financial terms were not disclosed.

Great Hill Partners Makes $55M Strategic Investment in eloomi

June 7, 2021

Cloud & SaaS

Boston-based private equity firm Great Hill Partners made a $55 million strategic investment in Copenhagen-based eloomi, a cloud-based people development SaaS company. The capital is expected to accelerate eloomi's U.S. expansion and support go-to-market and product development to scale the business.

Stone Point Capital and CPP Investments Buy Majority Stake in OneDigital

September 19, 2025

Insurance

Stone Point Capital and CPP Investments have acquired a majority stake in OneDigital from Onex in a private-equity led transaction. The investment will support OneDigital’s continued growth and capability expansion across its insurance, employee benefits, HR and retirement services platform, while Onex exits a controlling position.