Investment Summary

Lightyear Capital Invests In Schellman

On September 17, 2021, private equity firm Lightyear Capital invested in business services company Schellman

Investment Highlights
  • This is Lightyear Capital’s 3rd transaction in the Business Services sector.
  • This is Lightyear Capital’s 35th transaction in the United States.
  • This is Lightyear Capital’s 3rd transaction in Florida.

Investment Summary
Date 2021-09-17
Target Schellman
Sector Business Services
Investor(s) Lightyear Capital
Deal Type Growth Capital
Advisor(s) Shumaker, Loop & Kendrick (Legal)

Target

Schellman

Tampa, Florida, United States
website
Schellman provides a comprehensive suite of information technology and cybersecurity audits and assessments, including SOC examinations, ISO certifications, FedRAMP assessments, PCI assessments, HITRUST assessments, cloud security assessments, penetration testing, and other compliance services. Schellman was founded in 2002 and is based in Tampa, Florida.

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Investor(S) 1

Investor

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 41 of 44
Sector (Business Services) 3 of 4
Type (Growth Capital) 7 of 7
State (Florida) 3 of 3
Country (United States) 35 of 38
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Wren Sterling

London, United Kingdom

Wren Sterling is an independent financial advisory business serving both private and corporate clients across the UK. It specializes in all aspects of savings, investments, and retirement planning. For corporate clients, they provide advice on pensions, including auto-enrolment, as well as workplace benefits and protection. Wren Sterling was established in 2007 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 PracticeTek

San Diego, California, United States

PracticeTek provides practice management, patient engagement, integrated payments and other software solutions to the retail healthcare market. The PracticeTek platform helps retail healthcare practices digitally manage their business and the entire patient journey process including client acquisition, engagement, visits, and billing and payments.PracticeTek was founded in 2020 and is based in Knoxville, Tennessee.

Buy -
Mergr

Product

Company

Legal