Lightyear, PSP to buy AIG Advisor Group

By Luisa Beltran — 2 weeks ago

Lightyear Capital LLC and the Public Sector Pension Investment Board have agreed to buy AIG Advisor Group Inc. Financial terms weren’t announced. American International Group is the seller. Advisor Group is a network of independent financial advisors with more than 5,200 independent advisors and $160 billion in client assets under administration.

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Lightyear Capital invests in Pathlight

By Iris Dorbian — 3 months ago

Lightyear Capital has acquired a majority stake in Pathlight Capital. No financial terms were disclosed. Daniel Platt, founder and CEO of Pathlight, will remain a minority owner and continue in his role. Based in Hingham, Massachusetts, Pathlight is a commercial finance company focused on providing funding to support growth, acquisitions, refinancings and restructurings.

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Norwest Equity closes Wealth Enhancement sale

By Luisa Beltran — 8 months ago

Norwest Equity Partners said Monday it has completed the sale of its majority stake in Wealth Enhancement Group to Lightyear Capital LLC. Financial terms weren’t announced. . The employee-owners of Wealth Enhancement Group will continue hold a stake. Plymouth, Minnesota-based Wealth Enhancement is a wealth management firm.

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Lightyear closes Paradigm sale

By Luisa Beltran — 8 months ago

Lightyear Capital LLC said Tuesday it completed the sale of Paradigm Acquisition Corp. to Summit Partners. Financial terms weren’t announced. Walnut Creek, California-based Paradigm provides outsourced catastrophic workers’ compensation case management services for insurance companies and self-insured employers.

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Lightyear Capital Closes Cooper Gay Deal

By Luisa Beltran — 3 years ago

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.

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

By Luisa Beltran — 3 years ago

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.

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