M&A Deal Summary

Lightyear Capital Acquires HealthPlanOne

On June 22, 2020, private equity firm Lightyear Capital acquired insurance company HealthPlanOne from Peloton Equity

Acquisition Highlights
  • This is Lightyear Capital’s 6th transaction in the Insurance sector.
  • This is Lightyear Capital’s 32nd transaction in the United States.
  • This is Lightyear Capital’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2020-06-22
Target HealthPlanOne
Sector Insurance
Buyer(s) Lightyear Capital
Sellers(s) Peloton Equity
Deal Type Secondary Buyout

Target

HealthPlanOne

Trumbull, Connecticut, United States
HealthPlanOne is 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. HPOne is a fast-growing, independent digital insurance broker that uses proprietary technology solutions coupled with deep industry knowledge, the Company provides an online marketplace for consumers purchasing Medicare plans, along with a range of outsourced sales, marketing, and contact services for national and regional health plans including MedicareUSA.com, the Company's online Medicare enrollment portal. HPOne's core differentiation is its exclusive focus on the Medicare health insurance industry, bringing innovative and performance-based solutions that benefit from the increasing digitization of insurance distribution. With state-of-the-art online marketing, multiple US-based contact centers, expertise in home-based workforce management, and an experienced management team, HPOne provides consumers with online tools to compare and purchase Medicare plans and its clients with the solutions they need to profitably grow and manage their businesses. HealthPlanOne was formed in 2006 and is based in Trumbull, Connecticut.

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Buyer(S) 1

Buyer

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 37 of 45
Sector (Insurance) 6 of 7
Type (Secondary Buyout) 12 of 15
State (Connecticut) 2 of 2
Country (United States) 32 of 39
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 ProfitSolv

Knoxville, Tennessee, United States

ProfitSolv is a provider of software solutions for legal, accounting, and other professional services firms including consulting, architecture, and engineering. ProfitSolv is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Inszone Insurance Services

Rancho Cordova, California, United States

Inszone Insurance Services is a full-service insurance brokerage firm that provides a broad array of property & casualty and employee benefits solutions. Inszone Insurance Services was founded in 2002 and is based in Rancho Cordova, California.

Buy -

Seller(S) 1

SELLER

Peloton Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 755M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Peloton Equity is a private equity firm focused on acquiring and investing in growth-oriented companies in the healthcare sector. The Firm looks for market-tested businesses generating $20 to $200 million and up to $10 million of EBITDA. Peloton has specific interest in companies whose products/services bring efficiency to the healthcare system, via higher quality care, and/or lower costs. Peloton Equity was formed in 2014 and is headquartered in Greenwich, Connecticut.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 2
Type (Secondary Buyout) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Friday Health Plans

Alamosa, Colorado, United Kingdom

Friday Health Plans is a healthcare management company that offers people and small businesses who buy their own health insurance. The company focuses on overall simplicity to offer affordable health plans with benefits that help members stay healthy and cover them if they get sick or hurt. Friday Health Plans was formed in 2015 and is based in Alamosa, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Friday Health Plans

Alamosa, Colorado, United Kingdom

Friday Health Plans is a healthcare management company that offers people and small businesses who buy their own health insurance. The company focuses on overall simplicity to offer affordable health plans with benefits that help members stay healthy and cover them if they get sick or hurt. Friday Health Plans was formed in 2015 and is based in Alamosa, Colorado.

Sell $100M
Mergr

Product

Company

Legal