We are advising Lightyear Capital on the transaction

Davis Polk is advising Lightyear Capital LLC on its majority growth investment in Prosperity Partners. Unity Partners, which invested in Prosperity in 2023, will maintain a minority position in the company. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals. 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 25 years, Lightyear has worked closely with management teams and leveraged its industry expertise, network of advisors and operating resources to help accelerate growth and build market-leading businesses.

Prosperity Partners is a tax and accounting firm serving dynamic businesses, high-net-worth individuals and family offices throughout the United States. With offices in Chicago, New York City, Iselin, Houston, Kansas City, Santa Barbara, Detroit, Washington DC and Burlington, Prosperity provides tax advisory, tax consulting, tax preparation, valuation, outsourced back-office accounting, fractional CFO, litigation support and start-up business services.

The Davis Polk corporate team includes partner Michael Davis, counsel Eitan Tabak and associates Jake Jensen, Yi Bao and Jesse A. Miot. Partner Robert F. Smith and counsel Natalie Lin are providing sponsor finance advice. Partner Ethan R. Goldman is providing tax advice. Partner Adam Kaminsky is providing executive compensation advice. Partner Frank Azzopardi is providing intellectual property advice. Members of the Davis Polk team are based in the New York, Northern California and Washington DC offices

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