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New Deal


Announced

Completed

Lightyear Capital completed a majority investment in HPOne from Peloton Equity.

Financials

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Consideration TypeCash
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United States

Private

Digital Services

Majority

Single Bidder

medicare solutions

Completed

Private Equity

technology platform

Acquisition

Friendly

Synopsis

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Lightyear Capital, a New York-based private equity firm, completed a majority investment in Health Plan One, a technology-enabled platform and online marketplace delivering end-to-end, direct-to-consumer enrollment solutions focused exclusively on the high-growth Medicare insurance market, from Peloton Equity, a private equity firm. Financial terms were not disclosed. "The investment in HPOne reflects years of active efforts to identify and pursue digital insurance distribution companies, particularly those serving the rapidly growing Medicare market. We believe Bill and his team have built an impressive platform to connect health insurance carriers directly with consumers in a $9.1bn market, which we estimate is growing 11 percent per year. We look forward to working with them as they execute on their growth plans," Mark F. Vassallo, Lightyear Managing Partner.

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