Lightyear Capital Invests in Schellman & Company
September 17, 2021
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.
- Buyers
- Lightyear Capital LLC (affiliated investment funds)
- Targets
- Schellman & Company, LLC, Schellman Compliance, LLC
- Sellers
- Chris Schellman
- Industry
- Cybersecurity
- Location
- Florida, United States
- Transaction Type
- Recapitalization
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