Recapitalization with Lightyear Capital LLC

Healthcare
Technology & Services
Recapitalization with Lightyear Capital LLC

Summary

Baird served as exclusive financial advisor to HealthPlanOne, Inc. on this transaction

About

HealthPlanOne, Inc. (“HPOne” or the “Company”), a portfolio company of Peloton Equity, LLC (“Peloton”), has agreed to terms with Lightyear Capital LLC (“Lightyear”) for a recapitalization of the Company. The transaction is subject to regulatory approvals and the satisfaction of closing conditions.

HPOne is a leading technology-enabled platform and online marketplace delivering end-to-end, direct-to-consumer enrollment solutions focused exclusively on the high-growth Medicare insurance market. HPOne utilizes digital marketing and proprietary technology solutions, including lead scoring, data analytics and a CRM platform, to identify, educate, enroll and retain members on behalf of national and regional health plans. HPOne is headquartered in Trumbull, Connecticut.

Peloton is a private equity firm that focuses exclusively on growth capital investments in the healthcare industry. Peloton seeks companies with the management team, market opportunity and business model to grow revenues meaningfully over the life of its investment. Peloton leverages its extensive healthcare network and portfolio management playbook to support management teams and add value to its portfolio companies. Peloton is headquartered in Greenwich, Connecticut.

Lightyear makes primarily control investments in North America-based, middle-market companies associated with financial services, including asset management and wealth management, banks and brokerage, commercial and consumer finance, financial technology, healthcare financial services, insurance and technology-enabled business services. Lightyear is headquartered in New York, New York.
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Healthcare
Technology & Services
Recapitalization with Lightyear Capital LLC
Date
June 2020
Company
HealthPlanOne, Inc.
Transaction
M&A
Sectors
Healthcare
Technology & Services
Target Location
North America
Acquiror Location
North America

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