Blackstone to sell Lendmark to Lightyear and Ontario Teachers'

Lightyear Capital and Ontario Teacher's Pension Plan have agreed to acquire Lendmark Financial Services LLC from Blackstone. No financial terms were disclosed; however, an earlier Reuters report tagged the value of the deal at $600 million, excluding debt. The deal is expected to close in the second half of this year. Based in Lawrenceville, Georgia, Lendmark is a consumer finance platform.

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