Lightyear Capital and Ontario Teachers’ Pension Plan to acquire Lendmark Financial Services from Blackstone.

Investment funds affiliated with Lightyear Capital and Ontario Teachers’ Pension Plan agreed to acquire Lendmark Financial Services, a leading community-oriented consumer finance platform with 320 branches across 19 states, from Blackstone Group. Financial terms were not disclosed. Chris Casciato, Managing Director at Lightyear, stated: “Lendmark provides an important financial solution to people with capital needs resulting from unforeseen life events. With their branch-based model, they are also a part of the communities they serve, something that we believe is integral to their continuing success. We look forward to working with Bobby Aiken and the team in expanding the company’s footprint.”