Lightyear Capital Acquires Wren Sterling

Wren Sterling Acquires TW Financial Planning Limited

May 28, 2024

Financial Services

Wren Sterling has acquired TW Financial Planning Limited, a Newcastle-under-Lyme-based advisory firm with three financial planners that services over 750 households and manages approximately £265 million in client assets. The acquisition expands Wren Sterling's national office network into the West Midlands and aims to retain the TW team while leveraging Wren Sterling's technology, central resources and Investment Committee to support future growth.

Wren Sterling Group Acquires Critchleys Financial Planning LLP

July 6, 2022

Wealth Management

Wren Sterling Group has acquired Oxford-based Critchleys Financial Planning LLP, bringing approximately 300 households and about £150 million of assets under advice into Wren Sterling. The deal creates a new Oxfordshire hub for Wren Sterling and is a bolt-on acquisition aligned with the firm's strategy to expand its regional hubs and grow AuM following its Lightyear Capital-backed secondary management buyout.

Lightyear Capital Acquires Prime Pensions from Mill Point Capital

February 26, 2024

Financial Services

Lightyear Capital has made a strategic investment to acquire Prime Pensions, a Florham Park, New Jersey–headquartered third-party administrator of retirement plans, from Mill Point Capital. Prime Pensions serves over 11,000 clients, employs more than 225 people across seven locations, and Lightyear says it will partner with management to accelerate growth and expand capabilities.

Lightyear Capital and Ontario Teachers' Acquire Lendmark Financial Services from Blackstone

June 27, 2019

Financial Services

Investment funds affiliated with Lightyear Capital and the Ontario Teachers' Pension Plan agreed to acquire Lendmark Financial Services from private equity funds managed by The Blackstone Group. The senior management team will remain in leadership and as shareholders; the transaction was expected to close in H2 2019 subject to regulatory approvals.

Mercer Advisors Acquires Wrenn Financial Strategies

January 13, 2022

Financial Services

Mercer Advisors (Mercer Global Advisors, Inc.) has acquired Wrenn Financial Strategies, a Raleigh, North Carolina-based wealth management firm with approximately $238 million in AUM serving over 150 clients. The deal brings Wrenn's advisory team into Mercer as part of the founders' succession/transition plan and expands Mercer's presence in the Carolinas.

Lightyear Capital Invests in Schellman & Company

September 17, 2021

Cybersecurity

Lightyear Capital's affiliated funds agreed to acquire assets from and partner with Schellman & Company, LLC, forming a new structure that separates attest services (Schellman) from non-attest services (Schellman Compliance, LLC). The transaction recapitalizes majority ownership interests of founder Chris Schellman (allowing his early exit) and positions the company for accelerated organic and M&A-driven growth under CEO Avani Desai. Financial terms were not disclosed.