TripleTree Advises RxBenefits on Recapitalization by Advent International and Great Hill Partners

January 2021
Advent International (“Advent”), one of the largest and most experienced global private equity investors, announced that it has completed a recapitalization of RxBenefits, the employee benefits industry’s first and only technology-enabled pharmacy benefits optimizer (PBO), which values the company at approximately $1.1 billion. With this investment Advent joins Great Hill Partners (“Great Hill”), a leading growth-oriented private equity firm, which first invested in the company in 2016. Advent and Great Hill now each own equal stakes in RxBenefits, alongside a significant investment from the current management team.

Read the press release from Advent International.
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