Lightyear Capital related stories
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Cerberus to take private United Rentals for $6.6bn(2)United Rentals, the world’s largest equipment rental company, has agreed to be purchased by Cerberus in a $6.6 billion transaction.
- Cerberus to take private United Rentals for $6.6bn
United Rentals, the world’s largest equipment rental company, has agreed to be purchased by Cerberus in a $6.6 billion transaction.
- Norwest in two deals
Minneapolis, Minnesota-based Norwest Equity has invested alongside Lightyear Capital construction equipment rental firm Neff in a $900 million transaction, and simultaneously announced the sale of logistics services provider Jacobson Companies to Oak Hill.
- Lightyear Capital closes second fund(2)
The New York-based firm has surpassed its target goal of $800 million with the closing of its new $850 million fund.
- Perella Weinberg adds asset management partners
Former UTIMCO chief investment officer Bob Boldt will lead the new asset management division at the financial services firm.
- Lightyear Capital closes second fund
The New York-based firm has surpassed its target goal of $800 million with the closing of its new $850 million fund.
- Warburg Pincus leads creation of reinsurance platform
Warburg Pincus, a global private equity firm, has led the $500m formation of Aeolus Re, a Bermuda-based reinsurance company.
- Lightyear sells Telmar to Warburg Pincus
The New York-based firm will exit the communications company for an undisclosed amount.
- Stone Point, Lightyear back major insurance deals
In separate insurance deals, former Marsh affiliate Stone Point has led the capitalisation of a new reinsurance platform with $1.5bn, while Lightyear has acquired an insurance division from White Mountains Insurance Group.
- Code Hennessy cashes in on Baker Tanks
Lightyear Capital finalised its secondary deal for containment-rental company Baker Tanks. Chicago’s Code Hennessy & Simmons, the previous owner, sold the business after a less than two-year stay in its portfolio.