Announced
Completed
Financials
Tags
United States
employee benefit solutions
Insurance Brokers
private equity
Private Equity
Venture Capital
venture capital
buyouts
investment company
Acquisition
Private
Minority
Private Equity
Domestic
Friendly
Completed
Single Bidder
Synopsis
Neuberger Berman Group, an employee-owned, private, independent investment manager, completed an investment in TA Associates-backed The Benecon Group, a company that develops and administers self-funded medical benefit programs for small-and-medium sized businesses. "We are delighted to partner with management and TA to support a shared vision for the Company's next phase of growth. Rising healthcare benefits costs and lack of transparency present a significant challenge for small and mid-sized employers and Benecon has pioneered a unique and compelling approach to address these issues," Michael Smith, Neuberger Berman Private Markets Managing Director.
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