Green Hill Partners has picked up insurance payment processor One, which counted Axa, American Family and MassMutual among its backers.
One Inc, a US-based insurance payments and claims monitoring platform backed by insurers Axa, American Family and Massachusetts Mutual Life Insurance, was acquired by mid-market private equity firm Great Hill Partners yesterday in a recapitalisation deal.
Axa subsidiary Axa Venture Partners and fellow existing investor Centana Growth Partners both exited through the deal, according to Barrons, which reported that One’s management and two unnamed existing investors will retain stakes in the company.
Founded in 2005, One offers a software platform…
