Brightside Benefit, Inc.

Chandler, Arizona

Classification

Private

About

About

Brightside is a financial care platform dedicated to enhancing the financial well-being of employees through comprehensive, personalized financial solutions. By offering a range of financial services and tools, Brightside aims to resolve the unique financial challenges faced by working families. Their innovative approach goes beyond traditional financial wellness programs, providing holistic financial care that integrates seamlessly into the employee benefits ecosystem. Products and Services: 1. Financial Care Platform - Personalized Financial Advice: Tailored financial guidance to help employees make informed decisions about their finances, including budgeting, saving, and managing debt. - Financial Tools and Resources: Access to a suite of tools that assist employees in optimizing their financial health, such as financial calculators, budgeting apps, and educational content. 2. Employee Benefits Integration - Benefit Optimization: Assistance in understanding and maximizing the value of employee benefits, including health insurance, retirement plans, and other employer-provided perks. - Real-Time Financial Insights: Continuous monitoring and updates on employees' financial status, helping them stay on track with their financial goals. 3. Financial Products - Savings and Investment Accounts: Options for setting up and managing savings accounts and investment portfolios to build long-term financial security. - Debt Management Solutions: Programs designed to help employees manage and reduce their debt, including student loans, credit cards, and other liabilities. 4. Emergency Financial Assistance - Crisis Support: Immediate financial support and counseling for employees facing unexpected financial emergencies, ensuring they have the resources to handle urgent needs. Employer-Focused Solutions - Financial Wellness Programs: Customized programs designed to improve overall employee financial health, leading to increased productivity and reduced financial stress in the workplace. - Data Analytics and Reporting: Detailed analytics and reporting tools that provide employers with insights into the financial well-being of their workforce, helping them make data-driven decisions about benefits and compensation.

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private