We are advising Cerity Partners and Lightyear Capital on the transaction

Davis Polk is advising Cerity Partners and Lightyear Capital LLC in connection with the recapitalization of Cerity Partners led by Genstar Capital. Through its affiliated funds, Lightyear has been an investor in Cerity since 2017 and will continue to be an investor in Cerity Partners.

Founded in 2009, Cerity Partners is a nationally recognized financial and wealth advisory firm serving high-net-worth individuals and their families, businesses and their leaders, and nonprofit organizations throughout the United States. Founded in 2000, Lightyear is a financial-services-focused private equity firm based in New York. Through its affiliated private equity funds, Lightyear invests in growth companies at the nexus of financial services, technology, healthcare and business services. Genstar Capital is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisers to transform its portfolio companies into industry-leading businesses.

The Davis Polk corporate team includes partners Michael Davis and Harold Birnbaum and associates Joshua B. Pittell and Samuel Liebmann. Partner Ethan R. Goldman and associate Danielle Rapaccioli are providing tax advice. Partner Adam Kaminsky and counsel Joseph S. Brown are providing executive compensation advice. Partner Pritesh P. Shah is providing intellectual property advice. Counsel Robert F. Smith is providing finance advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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