OneDigital

Transaction overview

Status: Announced

Exact closing date not established.

New Mountain announced an agreement to sell a majority stake in OneDigital, an employee benefits insurance brokerage and retirement adviser, to Onex and affiliated funds. New Mountain and employees planned to reinvest a significant portion of their holdings. Completion was expected by the end of 2020, subject to conditions and approvals. The sponsor-manager attribution refers to New Mountain Capital LLC, identified as a private-equity fund manager in a dated 2012 official filing; it does not assert a direct sale of a particular registered advisory subsidiary.

Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.