We advised Lightyear Capital on the transaction

Davis Polk advised Lightyear Capital LLC on its strategic investment in Corestream. LLR Partners, Corestream’s existing investor, will continue to support the company alongside Lightyear and the Corestream management team. 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.

Corestream is a leading voluntary benefits and employee savings technology platform that helps employers deliver a simpler, more connected and more effective benefits experience. Corestream’s SaaS platform gives HR professionals, employees, brokers and carriers a single point of integration to streamline and automate voluntary benefits selection, enrollment, administration, billing, reconciliation and ongoing management at scale.

The Davis Polk corporate team included partner Michael Davis, counsel Eitan Tabak and Brian L. Friedman and associates Liam Loeb and Brigitte Desnoes. Partner Robert F. Smith and associate Zachary Wells provided sponsor finance advice. Partner Adam Kaminsky provided executive compensation advice. Partner Ethan R. Goldman provided tax advice. Partner Frank Azzopardi provided intellectual property advice. Members of the Davis Polk team are based in the New York, Northern California and Washington DC offices.

Copy link to share post