Lightyear Capital appoints MD

Lightyear Capital has promoted Michal Petrzela to managing director. Petrzela joined Lightyear in 2005, after working at Lightyear as a summer associate in 2004.

Lightyear Capital Closes Cooper Gay Deal

Lightyear Capital said Wednesday that it has completed its controlling investment in Cooper Gay Swett & Crawford. The deal was announced in October. London-based Cooper Gay is a global wholesale insurance and reinsurance broker.

Slideshow: Hurricane Sandy Could Be Positive for PE-backed Reinsurers (CORRECTED)

It’s been a week since Hurricane Sandy devastated the East Coast and damages could reach as much as $50 billion, according to the New York Times. Losses due to Sandy are still being worked out. If they are $10 billion or less, primary insurers, like Chubb or Allstate or State Farm, will likely pay the brunt of claims, PE sources say. As damages increase, payment will “disproportionately” fall on reinsurers.

Lightyear Capital Appoints Van Kampen CEO as Senior Advisor

Lightyear Capital, a private equity firm focused on financial services, has appointed Jerry W. Miller as senior advisor on behalf of its affiliated funds. Miller was former president and CEO of Van Kampen Investments. PRESS RELEASE Lightyear Capital LLC, a private equity firm focused on financial services, has appointed Jerry W. Miller, former President and […]

Lightyear Capital Buys PE-backed Paradigm Management

Lightyear Capital has acquired Paradigm Management Services, a provider of healthcare management services, from Sterling Partners. Middle-market investment bank Harris Williams & Co. announced the deal, which closed on Wednesday. Terms were not released. Harris Williams & Co advised Paradigm.

Lightyear Capital Buys Paradigm Management

Sterling Partners has sold  Paradigm Management Services to Lightyear Capital. Financial terms of the deal, which closed Feb. 1, were not announced. Walnut Creek, Calif.-based Paradigm provides healthcare management services. News of the transaction was announced by Harris Williams which provided financial advice to Paradigm.

Permira To Buy BakerCorp from Lightyear Capital

Permira is buying BakerCorp, a provider of equipment rental services for liquid and solid containment applications. The deal, which is expected to close by July, is valued at $960 million. The seller is Lightyear Capital. Morgan Stanley and Deutsche Bank advised Permira. Goldman Sachs advised BakerCorp.

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