TA Associates Acquires Wealth Enhancement Group from Lightyear Capital
July 31, 2019
Funds affiliated with TA Associates have acquired the equity stake in Wealth Enhancement Group previously held by funds affiliated with Lightyear Capital LLC. Wealth Enhancement Group will remain privately held and independent under its existing leadership while the new partnership with TA Associates is intended to support accelerated organic growth and acquisition-led expansion; financial terms were not disclosed and the deal is expected to close in Q4.
- Buyers
- TA Associates
- Targets
- Wealth Enhancement Group
- Sellers
- Lightyear Capital LLC (funds affiliated)
- Industry
- Financial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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