M&A Deal Summary

Lightyear Capital Acquires Lighthouse

On May 1, 2019, private equity firm Lightyear Capital acquired information technology company Lighthouse from Spire Capital Partners

Acquisition Highlights
  • This is Lightyear Capital’s 2nd transaction in the Information Technology sector.
  • This is Lightyear Capital’s 28th transaction in the United States.
  • This is Lightyear Capital’s 1st transaction in Washington.

M&A Deal Summary
Date 2019-05-01
Target Lighthouse
Sector Information Technology
Buyer(s) Lightyear Capital
Sellers(s) Spire Capital Partners
Deal Type Secondary Buyout

Target

Lighthouse

Seattle, Washington, United States
Lighthouse provides software and services to manage the increasingly complex landscape of enterprise data for compliance and legal teams, whether they’re reacting to incidents like litigation, government, or internal investigations, or designing programs to proactively uncover the potential for future incidents. Lighthouse was formed in 1995 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor

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 33 of 45
Sector (Information Technology) 2 of 3
Type (Secondary Buyout) 10 of 15
State (Washington) 1 of 1
Country (United States) 28 of 39
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Engage PEO

Hollywood, Florida, United States

Engage PEO provides comprehensive HR solutions to small and mid-sized businesses nationwide, sharpening their competitive advantage. Comprised of the industry’s most respected veteran professional employer organization executives, certified HR professionals and attorneys, Engage PEO provides hands-on, expert HR services and counsel to help clients minimize cost and maximize efficiency for stronger business performance. The company’s superior service offering includes a full range of health and workers’ compensation insurance products, payroll technology and tax administration, risk management services and advanced technology as part of an extensive suite of HR services. Engage PEO was formed in 2011 and is based in Hollywood, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Advisor Group

Phoenix, Arizona, United States

Advisor Group is an independent wealth management platform supporting over 10,100 independent financial advisors and overseeing more than $410bn in client assets. Advisor Group provides comprehensive broker-dealer services, technology, and advisory programs through its four registered broker-dealers and Registered Investment Advisors. Advisor Group was founded in 1999 and is based in Phoenix, Arizona.

Sell -

Seller(S) 1

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 23 of 27
Sector (Information Technology) 4 of 5
Type (Secondary Buyout) 3 of 5
State (Washington) 1 of 1
Country (United States) 22 of 26
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 Protect

Wichita, Kansas, United States

Protect provides non-destructive testing, safety, industrial hygiene, environmental and insurance services to over 200 customers across the U.S. PROtect’s services, the majority of which are federally mandated, help clients mitigate business risks and maintain compliance with regulations. Protect was established in 2007 and is based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Surgent Professional Education

Radnor, Pennsylvania, United States

Surgent Professional Education provides continuing professional education and exam preparation courses to the accounting, finance and healthcare sectors. Surgent’s services help exam takers become credentialed and satisfy required credit hours and remain informed on the latest trends in their industries thereafter. Surgent Professional Education was founded in 1985 and is based in Radnor, Pennsylvania.

Sell -
Mergr

Product

Company

Legal