Northlane Capital Partners (NCP) has announced the sale of The Difference Card (TDC) to funds managed by Stone Point Capital.
TDC, founded in 2001 and based in Mount Kisco, New York, is a provider of solutions designed to enable employers to reduce healthcare insurance costs without reducing employees’ benefit levels or increasing employees’ out-of-pocket expenses.
NCP, founded in 2003 and based in Bethesda, Maryland, is a middle market private equity firm focused on healthcare and business services. The firm seeks to make equity investments of $25 to $150 million in North American companies with EBITDA of $5 million to $30 million.
Stone Point, founded in 1985 and based in Greenwich, Connecticut, is a private equity firm, investing in businesses within the global financial services industry.
Terms of the transaction were not disclosed.
