Simpson Thacher is representing Stone Point Capital in connection with the entry into definitive agreements with respect to a majority investment by funds managed by Stone Point Capital and Canada Pension Plan Investment Board in OneDigital valued in excess of $7 billion. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2025.
OneDigital is a provider of insurance brokerage, financial services and workforce consulting services. OneDigital supports more than 100,000 employees and millions of individuals through its continued growth across verticals including employee benefits and HR, retirement and wealth management, property and casualty, PEO and Medicare Advantage.
Stone Point is an investment firm based in Greenwich, CT, with more than $70 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports the firm, portfolio companies and other clients by providing dedicated financing solutions.
The Simpson Thacher team includes Elizabeth Cooper, Mark Viera, Theresa Scharff, Tania Houwayek, Samuel Goldsmith, Bret Johanneson and Celine Tseng (M&A); Benjamin Rippeon, Edward Grais, and Benjamin Bressler (Tax); Jeannine McSweeney, Jamin Koslowe, Daniella Villatoro, and Sam Elmi (Executive Compensation and Employee Benefits); Erica Rozow and George Gerstein (ERISA); Steve DeLott (Insurance); Dennis Loiacono and Noam Zolty (Real Estate); Caroline Geiger, Christian Bond, and Tally Smitas (IP); Toby Chun and Noreen Lavan (Environmental); and Peter Guryan and Richard Jamgochian (Antitrust).