Fried Frank Guides Onex's $960M Investment In OneDigital
Law360 (October 8, 2020, 4:14 PM EDT) -- Onex Corp. said Thursday it will acquire a majority stake in OneDigital for $960 million with guidance from Fried Frank Harris Shriver & Jacobson LLP, a deal that values the employee benefits adviser at $2.65 billion.
Onex Corp. and its affiliated funds will purchase the stake in part from OneDigital's current majority owner, New Mountain Capital LLC, the announcement said. Following the transaction, Onex Group and OneDigital's employees will own about 83% of the company, the announcement said.
The Toronto-headquartered private equity firm highlighted OneDigital's business strategy and ongoing growth. OneDigital provides retirement, employee benefits and human resources consulting services, according...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!