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

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.)