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Lightyear Capital Completes Antares Transaction

December 13, 2007

New York - Lightyear Capital LLC, a New York-based private equity firm focused on financial services investing, completed the transactions related to the establishment of Antares Holdings Ltd., a Bermuda-based holding company whose businesses will include the sponsorship of a new Lloyd's of London syndicate ("Antares Syndicate 1274"). 

"The creation of Antares is a great example of Lightyear's ability to implement our successful strategy of investing in high-potential financial services companies in the European market," says chairman and CEO of Lightyear, Donald Marron. "As a newly accepted Lloyd's syndicate and helmed by an experienced management team with significant resources, Antares is primed to continue thriving in a range of specialty insurance categories."

Antares Syndicate 1274 will be managed by Chaucer Syndicates Ltd., a provider of third-party syndicate services, and capital for it will be provided by Lightyear and its partners. The business will be run by 32-year industry veteran Stephen Redmond.

Source: Lightyear Capital LLC

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