Transactions
April 1 2021
Friday Health Plans Secures $160 Million in Funding Led by Vestar Capital Partners
Friday Health Plans, Inc. (“Friday”), a Denver-based health insurance holding company, announced that it has signed an agreement to receive a $100 million equity investment led by Vestar Capital Partners, a leading U.S. middle-market private equity firm. Leadenhall Capital Partners, a London-based insurance-focused investment manager, will provide an additional $60 million in debt financing. Following robust membership growth of more than 400% in 2021, Friday will leverage the additional funds to expand into new markets with a focus on technology-driven individual and small-group health insurance. TripleTree, LLC acted as the exclusive financial advisor to Friday Health Plans for this transaction.
LEAD INVESTMENT BANKERS
David Brownlie
Michael Hughey
Nate Chivers
Friday Health Plans, Inc. (“Friday”), a Denver-based health insurance holding company, announced that it has signed an agreement to receive a $100 million equity investment led by Vestar Capital Partners, a leading U.S. middle-market private equity firm. Leadenhall Capital Partners, a London-based insurance-focused investment manager, will provide an additional $60 million in debt financing. Following robust membership growth of more than 400% in 2021, Friday will leverage the additional funds to expand into new markets with a focus on technology-driven individual and small-group health insurance. TripleTree, LLC acted as the exclusive financial advisor to Friday Health Plans for this transaction.
LEAD INVESTMENT BANKERS
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