The Private Equity and Healthcare teams advised Peloton Equity, LLC on the agreement with Lightyear Capital LLC for a recapitalization of its portfolio company Health Plan One (HPOne). Lightyear’s affiliated investment funds will acquire a majority stake in HPOne from Peloton, management and members of the board, and the transaction will invest cash into HPOne to support future growth and strategic objectives.
Peloton is a Connecticut-based private equity firm that focuses exclusively on growth capital investments in the healthcare industry. HPOne is a leading sales and marketing organization that delivers direct-to-consumer marketing and enrollment solutions focused exclusively on the high-growth Medicare insurance market. Lightyear is a financial services-focused private equity firm based in New York.
The Goodwin team was led by Stu Rosenthal and Jake Herman, and included Janet Andolina, Kyle Pine, Jim Mattus, Steve Argentieri, Tim Holahan, Scott Bailer, Paul Jin, and Jacqueline Klosek.
For more details, read the press release.