OneDigital Secures Majority Investment from Stone Point Capital and CPP Investments in $7B Deal 

Insurance brokerage and financial services firm OneDigital announced a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments), valuing the company at more than $7 billion. The investment comes through the purchase of shares from existing investors, including Onex Partners, which will remain a significant minority owner after first backing the company in 2020. 

The deal marks OneDigital’s fourth equity recapitalization and underscores the platform’s growth across its five core verticals: employee benefits and HR, retirement and wealth management, property & casualty, professional employer organization (PEO) services, and Medicare Advantage. “This commitment from Stone Point Capital and CPP Investments represents two high-quality investors aligning behind a single platform that integrates across a multitude of verticals,” said Adam Bruckman, President and CEO of OneDigital. 

Stone Point, fresh off the $11.5 billion close of its latest financial services fund, is partnering with CPP Investments to scale OneDigital’s capabilities and distribution footprint. The transaction, subject to regulatory approvals, is expected to close in the fourth quarter of 2025. 

Evercore served as lead financial advisor to OneDigital, with Ardea Partners and Barclays also advising. Kirkland & Ellis provided legal counsel to the company, while J.P. Morgan Securities LLC and RBC Capital Markets advised Stone Point. Simpson Thacher & Bartlett LLP acted as Stone Point’s legal counsel, and Paul, Weiss, Rifkind, Wharton & Garrison LLP advised on debt financing.