105 Views

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.

Lightyear, Insight Agree to Sell ARGUS Software for $130 Mln

Lightyear Capital, along Insight Venture Partners, has agreed to sell ARGUS Software to Altus Group for $130 million. The deal is expected to close in second quarter. Lightyear, a New York PE firm that focuses on financial services, invested in Realm Business Solutions in 2006 which it then renamed ARGUS.

Lightyear Capital Raising $1.1B Fund

Buyout shop Lightyear Capital plans to raise $1.1 billion for its latest fund, Reuters reported, citing a regulatory filing. Lightyear Fund III LP raised $150 million so far through UBS Securities, according to a filing with the Securities and Exchange Commission last week. The minimum investment is $10 million, Reuters said. Lightyear is led by former PaineWebber chief executive Donald Marron.

Lightyear Joins Management in Clarion Buyout

Lightyear Capital will acquire real estate investment management firm Clarion Partners from ING Group. Lightyear is partnering with the management of Clarion Partners on the buyout. Financial terms of the deal were not released. Founded in 1982, Clarion Partners has more than $22 billion in assets. Lightyear is based in New York.

Lightyear Sells NAU Group to QBE

Lightyear Capital has completed the sale of NAU Group to QBE Holdings Inc. QBE has made a cash payment of $565 million. Also, NAU stockholders will receive a $30 million cash dividend prior to the closing. NAU, of Ramsey, Minn., is a leading writer and manager of multi-peril crop insurance. New York-based Lightyear is a private equity firm.

Higher One Holdings Files for $100 Million IPO

(Reuters) – Higher One Holdings Inc filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock. The New Haven, Connecticut-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Goldman Sachs, UBS Investment Bank, Piper Jaffray, Raymond James, William Blair & […]

Lightyear Capital Buys Three Broker-Dealers

Lightyear Capital has acquired three broker-dealers from the ING Advisers network: El Segundo, Calif.-based Financial Network Investment Corp.; Denver-based Multi-Financial Securities Corp.; and St. Cloud, Minn.-based PrimeVest Financial Services Inc. No financial terms were disclosed. The companies will now operate under the name Cetera Financial Group.

Lightyear Capital Buys ING Broker-Dealer Units

AMSTERDAM, Nov 3 (Reuters) – Dutch bancassurer ING Groep (ING.AS) said on Tuesday it will sell three of its U.S. independent broker-dealer units to private equity firm Lightyear Capital LLC as it restructures its operations worldwide. Terms of the deal, which is expected to close early next year, were not disclosed. The sale follows ING’s […]

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget