On September 19, 2025, OneDigital, a US insurance brokerage and workforce consulting firm, and its Canadian subsidiary PWL Capital Inc., announced a majority investment from Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments), valuing the company at over US$7 billion (about C$9.5 billion). The transaction involved acquiring a stake from existing shareholders, including Onex Partners, which remains a significant minority owner, and was intended to support OneDigital’s growth through organic expansion and acquisitions. The deal closed on December 4, 2025.

Evercore acted as lead financial advisor to OneDigital, with Ardea Partners and Barclays also advising, and Kirkland & Ellis providing legal counsel. Stone Point was advised by J.P. Morgan Securities LLC and RBC Capital Markets, with legal counsel from Simpson Thacher & Bartlett LLP and debt financing counsel from Paul, Weiss, Rifkind, Wharton & Garrison LLP. McCarthy Tétrault advised PWL Capital Inc.