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Financings

Onex Partners Announces Completion of Strategic Investment in OneDigital by Stone Point Capital and CPP Investments

By The Northwire Desk — AI Analysis Dec 04, 2025 · 14:15 ONEX · 112.86 ONEX CORPORATION SV
ONEX · Price

Executive Summary

  • Onex Partners announced that OneDigital has closed a majority equity investment by Stone Point Capital and CPP Investments, valuing OneDigital at > US$7 billion.
  • The transaction provides approximately US$1.1 billion to Onex Partners V (and co‑investors) and US$235 million to Onex Corporation.
  • This is OneDigital’s fourth equity recapitalization, intended to fund organic growth and strategic acquisitions across its five core verticals.

Key Details

  • Investors: Funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments).
  • Transaction Structure: Acquisition of a stake from existing shareholders, including Onex Partners, which retains a significant minority interest.
  • Valuation: OneDigital valued in excess of US$7 billion post‑transaction.
  • Proceeds to Sellers:
  • Approximately US$1.1 billion to Onex Partners V (including co‑investors).
  • Approximately US$235 million to Onex Corporation.
  • Purpose of Capital: Support OneDigital’s continued growth via organic expansion and strategic acquisitions across employee benefits & HR, retirement & wealth management, property & casualty, PEO, and Medicare Advantage.
  • Historical Context: Fourth equity recapitalization for OneDigital; reflects long‑term confidence in founder‑led leadership and differentiated operating model.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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