Lowenstein Sandler represented One Inc., a digital payments platform provider for the insurance industry, in a recapitalization led by Great Hill Partners, a leading growth-oriented private equity firm. The recapitalization is intended to support One Inc.’s continued growth.
One Inc. is one of the dominant players in insurance payments, growing payments volume at an average rate of 77 percent year over year. Its Digital Payments Platform combines inbound and outbound payment capabilities with industry-specific reporting and reconciliation, along with a host of digital communication methods, allowing insurance companies to maintain a frictionless payment experience across all stakeholder groups, including policyholders, vendors, agents, and service providers.
Great Hill Partners is a Boston-based private equity firm targeting investments of $25 million to $500 million in high-growth companies across the consumer, digital infrastructure, financial technology, health care, and software sectors. It has an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale.
The Lowenstein deal team included Kathi A. Rawnsley, Darren Goodman, Brian A. Silikovitz, Megan Monson, Chandra K. Shih, Sarah Gore, Christopher T. Pham, Kristin V. Taylor, and Chad M. P. Weeks, along with paralegals Jane Johnson and Arit Ossom.