Lightyear Capital to Acquire PayByPhone From Corpay

The Access Group Acquires Lightyear (AP Automation Provider)

May 9, 2024

Cloud & SaaS

The Access Group has entered into an agreement to acquire Lightyear, a cloud-based accounts payable and finance automation provider. The acquisition will extend Access's ERP and finance automation capabilities, integrating Lightyear's AP, purchasing and expense automation into Access ERP solutions for SMEs and mid-market customers across APAC, EMEA and North America.

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.

Corpay Acquires Paymerang from Aldrich Capital Partners

May 8, 2024

Payments & Fintech

Corpay (NYSE: CPAY) has agreed to acquire Paymerang, a Richmond, Virginia-based provider of accounts payable automation and payment solutions, from Aldrich Capital Partners. The acquisition expands Corpay's B2B payments and AP automation capabilities across education, healthcare, hospitality, and manufacturing end markets; the deal is expected to close in Q2 2024 subject to regulatory approvals.

Corpay Acquires GPS Capital Markets

June 19, 2024

Payments & Fintech

Corpay, a global corporate payments company, completed its acquisition of GPS Capital Markets, a business-to-business cross-border and treasury management solutions provider focused on upper middle-market companies in the U.S. Corpay also highlighted that the integration of GPS (along with Paymerang) is expected to contribute meaningfully to profit in 2025 and support scaling its Corporate Payments business.

LLR Partners Makes Growth Investment in ParkHub

February 3, 2022

Software

LLR Partners has made a growth investment in ParkHub to support continued development of the company's parking management software, expansion of payment processing capabilities, and complementary acquisitions. As part of the transaction, Jeff Shanahan (former CEO of CardConnect) will join ParkHub's board as Executive Chairman alongside LLR representatives.

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.