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Article: Lightyear Capital to Buy ING Advisor Network
- Article from:
- Wireless News
- Article date:
- November 10, 2009
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Wireless News
11-10-2009
Lightyear Capital to Buy ING Advisor Network
Type: News
Lightyear Capital, a New York-based private equity firm focused on financial services investing, announced that an affiliate of Lightyear Fund II, L.P. has signed a definitive agreement to acquire the ING Advisor Network and three of ING Advisor Network's five broker-dealers, including: Financial Network Investment Corp., Multi- Financial Securities Corp. and PrimeVest Financial Services Inc.
Valerie Brown, Chief Executive Officer of ING Advisor Network, will remain in her position and continue to lead the business post acquisition.
"This is a great investment for Lightyear," said Donald B. Marron, Chairman ...