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  6. Lightyear Capital Acquires Prime Pensions

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
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

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 45
Sector (Business Services) 4 of 5
Type (Secondary Buyout) 15 of 15
State (New Jersey) 1 of 1
Country (United States) 38 of 39
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 CuraLinc Healthcare

Chicago, Illinois, United States

CuraLinc Healthcare provides transformative mental health care fueled by connectivity – marrying technology and personalized advocacy to support employees, families, and students through programs that have a measurable impact on their health, well-being, and productivity. CuraLinc Healthcare was formed in 1980 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Mill Point Capital

Category Private Equity Firm
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
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 -
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