Lightyear Capital Updates on the Sale of Antares Holdings Limited

Lightyear Capital, a financial services private equity firm, announced that an affiliated investment fund has entered into an agreement to sell Antares Holdings Limited, a specialist insurer and reinsurer operating in the Lloyd's market, to Qatar Insurance Company SAQ, a Qatar-based public shareholding company engaged in the business of insurance, reinsurance, real estate and financial advisory services.

According to a release, through Antares Syndicate 1274 the company underwrites a worldwide diversified range of Property, Casualty, Marine and Aviation insurance and reinsurance business through Lloyd's, an insurance marketplace.

Lightyear's Chairman and Founder Donald B. Marron said, "Lightyear was able to identify an opportunity to reposition Antares as a Lloyd's syndicate in order to enable the company to access the optimal platform for its clients and for writing a diversified portfolio of business."

Lightyear's Managing Partner Mark F. Vassallo said, "We are pleased with this outcome and enjoyed working with the management team on developing Antares into a strong and independent franchise within the Lloyd's network."

Antares' Managing Director Stephen Redmond said, "Lightyear played a critical role not only in repositioning Antares in the Lloyd's marketplace but also in working with us to strengthen the business model once we were independent."

Lightyear Capital is a private equity firm making primarily control investments in North America-based, middle-market financial services companies.

More information:

lycap.com

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