Articles from Lightyear Capital

Lightyear Capital, a New York-based private equity firm with over US$7 billion in assets under management, has signed an agreement to acquire PayByPhone, a global leader in mobile parking payments, from Corpay (NYSE: CPAY).

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.

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. The combined company will retain the PracticeTek brand. Lightyear Capital (“Lightyear”) will maintain its majority ownership in PracticeTek and current investor, Greater Sum Ventures (“GSV”), will continue to hold its investment. Lightyear and GSV will partner with existing IPS investor, Waud Capital Partners (“Waud Capital”), which is reinvesting in the go-forward business with a minority stake. 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. Terms of the transaction were not disclosed.

Lightyear Capital (“Lightyear”), a New York-based private equity firm that partners with companies at the nexus of financial services and technology, healthcare, and business services, appointed Tom Naratil as an Operating Partner to Lightyear Fund V. Mr. Naratil will support investments in the wealth management and financial services sector.

Lightyear Capital, a New York-based private equity firm that partners with growth companies at the nexus of financial services, technology, healthcare, and business services, today announced that Michael Langer has joined the firm as a Managing Director and member of the firm’s Investment Committee. Mr. Langer will be responsible for leading Lightyear’s investments within the healthcare financial services sector.