Lightyear Capital and PSP Investments close Advisor Group deal
U.S. private equity firm Lightyear Capital and Canada's Public Sector Pension Investment Board (PSP Investments) have completed their acquisition of Advisor Group from American International Group Inc. (NYSE: AIG). No financial terms were released for the deal, which was announced in January. Advisor Group, a Phoenix, Arizona-based broker-dealer network with over 5,200 independent advisors, will now operate as a standalone business owned by Lightyear, PSP and co-investors. PE Hub Canada highlighted the Advisor Group deal in its recent profile of Guthrie Stewart, PSP’s senior vice president and global head of private investments.
9 May 2016•3 mins read
