Davis Polk is advising Lightyear Capital LLC on the $472 million sale of RidgeWorth Holdings LLC to Virtus Investment Partners, Inc. The transaction is not subject to financing and is subject to customary closing conditions.

Lightyear Capital is a private equity firm based in New York that makes primarily control investments in North America-based, middle-market financial services companies. RidgeWorth Investments, a global investment management firm headquartered in Atlanta, Georgia, with approximately $40.1 billion in assets under management, offers investors access to a select group of boutique investment managers and sub-advisers. Virtus Investment Partners is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors.

The Davis Polk corporate team includes partners Michael Davis and Harold Birnbaum and associates John B. Weinstein and Shanu Bajaj. Partner Veronica M. Wissel and associate Florentino Salazar are providing executive compensation advice. Partner Gregory S. Rowland is providing investment management advice. Partner Michael Mollerus and associate Vinay Prabhakar are providing tax advice. All members of the Davis Polk team are based in the New York office.

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