We advised Lightyear Capital on the transaction

Davis Polk advised Lightyear Capital LLC in connection with a significant strategic investment in ProfitSolv co-led by FTV Capital and Lightyear Capital. Financial terms of the transaction were not disclosed.

Lightyear Capital is a New York-based private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare and business services. For over 20 years, Lightyear has worked closely with management and leveraged its industry expertise, network of advisers and operating resources to accelerate growth and build market-leading businesses.

ProfitSolv is a provider of information technology services intended for professionals in the legal, accounting and other professional services verticals. The company offers a comprehensive suite of integrated billing, payments and software tools, enabling clients to streamline their processes while increasing efficiency, productivity and revenue.

The Davis Polk corporate team included partner Michael Davis and associates Andrew R. Board and Leah Shatkin. Partner Robert F. Smith and associate Eric Cummings provided sponsor finance advice. Partner Ethan R. Goldman and counsel Danielle Rapaccioli provided tax advice. Partner Adam Kaminsky provided executive compensation advice. Partner Michael S. Hong provided investment management advice. Partner Pritesh P. Shah provided intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

Copy link to share post