Lightyear Capital

Growth Equity Firm Edison Partners Promotes Michael Dirla to Vice President

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星期三, 六月 5, 2024
Professional Services, Technology, Finance, Software, Fintech, Asset Management, Partner, Growth, Lightyear Capital, Credit Suisse, StepStone Group, Rutgers University, F1, Investment, Partnership, Insurance, Improper integral, Renewable energy

Edison Partners, a leading growth equity investment firm, today announced the promotion of Michael Dirla to Vice President.

Key Points: 
  • Edison Partners, a leading growth equity investment firm, today announced the promotion of Michael Dirla to Vice President.
  • In his new position, Dirla will work more closely with Edison Partners’ portfolio companies, while also expanding his role in identifying and evaluating potential investments in Financial Technology and Enterprise Solutions.
  • We look forward to his ongoing contributions for our firm and our portfolio companies as he continues his professional journey as a Vice President.”
    Dirla joined Edison in 2021.
  • “Three years after arriving at Edison Partners, I am more excited than ever about the companies we serve, the industries we focus on and the position we occupy in the growth equity space,” said Michael Dirla, Vice President.

PracticeTek Appoints Steve Auerbach as New Chief Executive Officer

Retrieved on: 
星期二, 五月 7, 2024
Practice Management, Technology, Professional Services, Managed Care, Health, Payments, General Health, Health Technology, Software, Internet, Finance, UnitedHealth Group, Cigna, Optum, Light-year, Insurance, Lightyear Capital, Partnership, Acquisition, Management

PracticeTek, a leading provider of software, payments and billing solutions to the retail healthcare market, has announced that Steve Auerbach has been named Chief Executive Officer, effective May 1, 2024.

Key Points: 
  • PracticeTek, a leading provider of software, payments and billing solutions to the retail healthcare market, has announced that Steve Auerbach has been named Chief Executive Officer, effective May 1, 2024.
  • “I am thrilled to accept the role as Chief Executive Officer of PracticeTek,” said Steve Auerbach.
  • I look forward to working closely with the PracticeTek team to create an industry-leading platform for our customers.”
    “We are excited to have Steve join PracticeTek as Chief Executive Officer,” said Michal Petrzela, Managing Director at Lightyear Capital, which owns majority stake in the Company.
  • We are pleased to welcome Steve and are confident that his experience will enable him to build off PracticeTek’s strong foundation to significantly grow the company.”

Lightyear Capital Closes Single-Asset Continuation Vehicle

Retrieved on: 
星期三, 四月 24, 2024
Professional Services, Business, Finance, Sale, Capital, Light-year, Lightyear Capital, Partnership, Growth, Health, Management

Lightyear Capital, a New York-based private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare, and business services, today announced the closing of a single-asset continuation fund transaction in connection with the sale of its portfolio company, ampliFI Loyalty Solutions (“ampliFI” or the “Company”), from Lightyear Fund IV to a newly formed continuation vehicle managed by an affiliate of Lightyear Capital (the “Continuation Fund”).

Key Points: 
  • Lightyear Capital, a New York-based private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare, and business services, today announced the closing of a single-asset continuation fund transaction in connection with the sale of its portfolio company, ampliFI Loyalty Solutions (“ampliFI” or the “Company”), from Lightyear Fund IV to a newly formed continuation vehicle managed by an affiliate of Lightyear Capital (the “Continuation Fund”).
  • ampliFI will continue to be managed by Lightyear via the Continuation Fund, which was anchored by investment funds affiliated with Neuberger Berman as the lead investor, alongside several other new and existing investors.
  • Lightyear Fund IV initially invested in ampliFI in 2018, successfully carving out the business from Augeo.
  • Evercore served as exclusive financial advisor to Lightyear and Davis Polk & Wardwell LLP served as legal counsel.

Inszone Insurance Appoints Martin Sullivan as Non-Executive Chairman of the Board

Retrieved on: 
星期二, 三月 5, 2024
Insurance, Professional Services, Lightyear Capital, Growth, Senior advisor, Management

Inszone Insurance Services, a leading provider of commercial, personal, and benefits insurance, is proud to announce the appointment of Martin Sullivan as the Non-Executive Chairman of the Board, effective immediately.

Key Points: 
  • Inszone Insurance Services, a leading provider of commercial, personal, and benefits insurance, is proud to announce the appointment of Martin Sullivan as the Non-Executive Chairman of the Board, effective immediately.
  • Martin Sullivan, with his extensive background in the financial services and insurance industry, brings a wealth of expertise and leadership to Inszone Insurance.
  • "We are delighted to have Martin Sullivan join us as our Non-Executive Chairman of the Board," said Chris Walters, CEO of Inszone Insurance.
  • With the addition of Martin Sullivan and the guidance of its board of directors, Inszone Insurance is poised for continued growth.

Prime Pensions Announces Strategic Investment from Lightyear Capital for Next Phase of Growth

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星期一, 二月 26, 2024
Professional Services, Business, Small Business, Human Resources, Finance, Consulting, William Blair & Company, Lightyear Capital, Health, Growth, Retirement, Pension, Partnership, Financial adviser

Prime Pensions, LLC (“Prime Pensions” or the “Company”), one of the fastest-growing independent providers of retirement plan compliance and administration services, announced today that Lightyear Capital LLC (“Lightyear”) has made a strategic investment in the Company.

Key Points: 
  • Prime Pensions, LLC (“Prime Pensions” or the “Company”), one of the fastest-growing independent providers of retirement plan compliance and administration services, announced today that Lightyear Capital LLC (“Lightyear”) has made a strategic investment in the Company.
  • Since its founding in 2012, Prime Pensions has experienced strong growth through a combination of organic initiatives and acquisitions.
  • “We are excited to welcome Prime Pensions to our portfolio,” said Mark Vassallo, Managing Partner at Lightyear.
  • “Our investment in Prime Pensions reflects the intersection of two long-term Lightyear investment themes: the growing need for independent retirement advice and increasing reliance on compliance solutions.

Inszone Announces Strategic Investment from Lightyear Capital, Joining BHMS as Co-Lead Investor for Next Phase of Growth

Retrieved on: 
星期一, 十一月 27, 2023
Professional Services, Insurance, Finance, Sidley Austin, Investment, AIG, Insurance Services of America, Chris, Growth, Lightyear Capital, Health, BHMS, Financial services, Light-year, LP

Lightyear will join Inszone’s current investor, BHMS Investments, LP (“BHMS”), which will roll a material portion of its existing equity as well as invest additional capital alongside Lightyear.

Key Points: 
  • Lightyear will join Inszone’s current investor, BHMS Investments, LP (“BHMS”), which will roll a material portion of its existing equity as well as invest additional capital alongside Lightyear.
  • The investments by Lightyear and BHMS will be used to accelerate the Company’s next phase of growth.
  • “Today's announcement by Lightyear and BHMS is evidence of Inszone’s strength and success to date,” said Chris Walters, Chief Executive Officer of Inszone.
  • Sidley Austin LLP served as legal counsel to BHMS and Inszone, and Davis Polk & Wardwell LLP and Locke Lord LLP served as legal counsel to Lightyear.

ZCG Consulting Appoints Jon Davies as Head of Talent

Retrieved on: 
星期一, 十一月 6, 2023
Professional Services, Business, Human Resources, Finance, Asset Management, Consulting, Banking, Lightyear Capital, Blackstone, Ecosystem, Acquisition, Light-year, Head, Multimedia, Management, Talent, Point72 Asset Management

ZCG Consulting (“ZCGC”), the business consulting platform of ZCG and a results-oriented management consulting firm for middle market businesses, today announced that Jon Davies has joined the firm as Head of Talent.

Key Points: 
  • ZCG Consulting (“ZCGC”), the business consulting platform of ZCG and a results-oriented management consulting firm for middle market businesses, today announced that Jon Davies has joined the firm as Head of Talent.
  • View the full release here: https://www.businesswire.com/news/home/20231105810637/en/
    In his new role, Mr. Davies will spearhead executive search execution, strategic talent planning, management team assessment, and human capital project management.
  • He will lead efforts to enhance value creation by implementing strategic talent acquisition initiatives, supported by comprehensive data analysis, to identify top-tier talent and further strengthen best-in-class teams across the ZCG portfolio.
  • Mr. Davies brings nearly two decades of talent management and recruiting leadership experience to ZCGC, with an extensive understanding of designing and implementing successful talent strategies to support high-performing public and private companies.

Ares Management Corporation Announces U.S. Direct Lending Origination Activity

Retrieved on: 
星期二, 十月 31, 2023
Banking, Professional Services, Business, Finance, Education, Index, Hyland, Government, Organization, IPS, Acquisition, Ares, Chartered Institute of Professional Financial Managers, TSG Consumer Partners, Software, ATI, Bookrunner, Advent, Injury, Absolute Software Corporation, Alberta Investment Management Corporation, Retirement, Warburg, Health, HVAC, Disability, Patient, Lightyear Capital, TPG, Finastra, Bank, Security (finance), Financial services, Einar Modig

Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $6.1 billion in U.S. direct lending commitments across 53 transactions during the third quarter of 2023 and approximately $20.6 billion in direct lending commitments across 189 transactions in the last twelve-month period ended September 30, 2023.

Key Points: 
  • Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $6.1 billion in U.S. direct lending commitments across 53 transactions during the third quarter of 2023 and approximately $20.6 billion in direct lending commitments across 189 transactions in the last twelve-month period ended September 30, 2023.
  • Ares served as the administrative agent for a senior secured credit facility to support TSG Consumer Partners’ continued growth plans for ATI Restoration.
  • Ares served as a lender for a senior secured credit facility to support Vista’s continued growth plans for Finastra.
  • Ares served as a lender for a senior secured credit facility to support Thoma Bravo’s refinancing for Hyland.

PracticeTek and Integrated Practice Solutions Merge to Create One of the Nation’s Largest Retail Healthcare Solutions Providers

Retrieved on: 
星期二, 九月 5, 2023
Technology, Professional Services, Payments, Finance, Wardwell, LLP, IBM, PeopleSoft, Kirkland & Ellis, Workflow, Acquisition, Practice management, Lightyear Capital, Growth, Integration, Health, GSV, Health information management, IPS, Software, Cryptocurrency, Financial adviser, Siebel, Light-year

PracticeTek, a leading provider of software and payments solutions to the retail healthcare market, today announced it has merged with Integrated Practice Solutions (“IPS”), a premier practice management and electronic health record software platform to form one of the nation’s largest retail healthcare solutions providers.

Key Points: 
  • PracticeTek, a leading provider of software and payments solutions to the retail healthcare market, today announced it has merged with Integrated Practice Solutions (“IPS”), a premier practice management and electronic health record software platform to form one of the nation’s largest retail healthcare solutions providers.
  • George Ahn, CEO of IPS, has been named the new CEO of PracticeTek and Eric Leaver, the former CEO of PracticeTek, is transitioning to an advisor role.
  • The new PracticeTek will deliver comprehensive retail healthcare software workflow with pre-encounter, encounter, and post-encounter solutions made available to the 500,000 providers in the market.
  • Davis Polk & Wardwell LLP served as legal advisor to PracticeTek and Lightyear and Greenberg Traurig, LLP as legal advisor to PracticeTek.

Allworth Financial Appoints Tom Naratil to its Board of Directors

Retrieved on: 
星期四, 八月 24, 2023
United States service academies, Yale University, New York University Stern School of Business, Light-year, NYU, Business, Social science, MBA, Allworth, AUM, Lightyear Capital, RIAS, BA, Financial adviser, Management

Folsom, California, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Allworth Financial, one of the ten fastest growing RIAs in America [1] , announced it has named financial services industry veteran Tom Naratil as a member of the company's board of directors.

Key Points: 
  • Folsom, California, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Allworth Financial, one of the ten fastest growing RIAs in America [1] , announced it has named financial services industry veteran Tom Naratil as a member of the company's board of directors.
  • Naratil was recently named as an Operating Partner for Lightyear Capital (“Lightyear), the New York-based private equity firm that currently sponsors Allworth Financial alongside Ontario Teachers’ Pension Plan (“Ontario Teachers”).
  • “We strongly believe that we are set up to succeed today and into the future,” said Allworth Co-CEO and Co-founder, Scott Hanson.
  • Allworth Financial, with over $18 billion in AUM, and clients in all 50 states, was founded in 1993 in Sacramento, California.