Lightyear Capital Announces Investment in Lighthouse
May 1, 2019
Investment In Fast Growing Enterprise Data Management Sector to Support Growth Strategy.
Lightyear Capital LLC ("Lightyear"), a New York-based private equity firm focused on financial services, announced today that investment funds affiliated with Lightyear have acquired a controlling stake in Lighthouse Technologies Holdings Corp ("Lighthouse" or the "Company"), a leader in technology-enabled eDiscovery, compliance and information governance. Several existing investors and the senior management team will remain committed shareholders as part of this transaction & Financial terms were not disclosed.
Founded in 1995, Lighthouse provides end-to-end software and services to help compliance and legal teams manage enterprise data and the eDiscovery process. The Company enables legal and compliance teams to fully understand their data in response to incidents like litigation and government investigations and in designing programs to proactively uncover the potential for future incidents. Lighthouse clients include Fortune 100 companies in highly regulated industries such as financial services, healthcare, pharmaceuticals, and technology. The Company is headquartered in Seattle, Washington, with additional offices in San Francisco, New York, Phoenix, London and Zurich.
"Our investment in Lighthouse follows several years of active efforts to identify and pursue leading companies in the rapidly expanding field of financial services governance, risk and compliance," said Mark F. Vassallo, Managing Partner of Lightyear. "Lighthouse has a strong and dedicated management team and we look forward to working with them as they continueto execute on their growth strategy."
"Lightyear Capital is a great partner," said Brian McManus, Chief Executive Officer of Lighthouse. "With a strong reputation and significant expertise in the financial technology sector, we are excited tohave their support as we continue to grow the company, both organically and through acquisitions. We see numerous exciting growth opportunities and look forward to accelerating those initiatives as we enter this next chapter with Lightyear."
William Blair & Co. acted as Lightyear Capital's exclusive financial advisor in connection with the acquisition and related financing. Macquarie Capital acted as Lighthouse's exclusive financial advisor in this transaction.
About Lightyear Capital LLC
Founded in 2000, Lightyear is a private equity firm based in New York. Through its affiliated private equity funds, Lightyear makes primarily control investments in North America-based, middle-market companies across the financial services spectrum, including financial technology, asset and wealth management, healthcare financial services, insurance and insurance services, payments and processing, and specialty finance. Lightyear brings focus and discipline to its investment process, as well as operating, transaction and strategic management experience, along with significant contacts and resources beyond capital. Formore information, please visit www.lycap.com.
About Lighthouse
Lighthouse is a global leader in eDiscovery and information governance solutions to manage the increasingly complex landscape of enterprise data for compliance and legal teams. Since our inception as a local document copy shop in 1995, Lighthouse has evolved with the legal technology landscape, anticipating the trends that shape legal practices, information management, and complex eDiscovery. Whether reacting to incidents like litigation or governmental investigations or designing programs to proactively minimize the potential for future incidents, Lighthouse partners with multinational industry leaders, top global law firms, and the world’s leading software provider as a channel partner. For more information, visit lighthouseglobal.com.
General Media Inquiries
Eric Walter
Global Communications