M&A Deal Summary

Lightyear Capital Acquires Prime Pensions

On February 26, 2024, private equity firm Lightyear Capital acquired business services company Prime Pensions from Mill Point Capital

Acquisition Highlights
  • This is Lightyear Capital’s 4th transaction in the Business Services sector.
  • This is Lightyear Capital’s 38th transaction in the United States.
  • This is Lightyear Capital’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-02-26
Target Prime Pensions
Sector Business Services
Buyer(s) Lightyear Capital
Sellers(s) Mill Point Capital
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Prime Pensions

Florham Park, New Jersey, United States
website
Prime Pensions is an independent provider of retirement plan compliance and administration services primarily to small and medium-sized businesses. Prime Pensions is not affiliated with any investment product provider and does not offer investment advice. Prime Pensions is based in Florham Park, New Jersey.

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Buyer(S) 1

Buyer

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 44 of 44
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 15 of 15
State (New Jersey) 1 of 1
Country (United States) 38 of 38
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Pathlight Capital

Hingham, Massachusetts, United States

Pathlight Capital is a commercial finance company dedicated to providing creative financing solutions to fund growth, acquisitions, debt refinancings, or restructurings. Pathlight Capital was formed in 2012 and is based in Hingham, Massachusetts.

Sell -

Seller(S) 1

DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 9 of 9
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-20 International Designs Group

Decatur, Georgia, United States

International Designs Group (IDG) is a provider of top-quality slab and tile materials for the kitchen and bath industry. IDG offers exclusive brands like Pompeii Quartz and Forum Quartz, as well as its tile label, CTC (Cancos). In addition to slab and tile distribution, IDG has showrooms in several eastern U.S. states, including Alabama, Georgia, South Carolina, Florida and New York. These showrooms highlight and sell the company’s distinctive slab and tile products, and also provide a range of complementary specialty products for the kitchen and bath. International Designs Group is based in Decatur, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Proficium

Union, California, United States

Proficium specializes in the design, manufacturing, and delivery of innovative products and value-added services for commercial AI infrastructures, hyperscale data centers, and enterprise companies. Proficium was founded in 2003 and is based in Union, California.

Buy -