Lee Equity, a private equity firm, agreed to acquire a majority stake in Simplicity Group, a diversified financial services provider, from Aquiline Capital, a private equity firm. Financial terms were not disclosed. "Lee Equity seeks to back leading entrepreneurs. Bruce and the broader Simplicity team have done an incredible job of growing the business into a clear market leader in a short four-year period. We believe that Lee Equity can help Simplicity drive the next phase of its growth and continue to recruit industry-leading Principals to the partnership," Mark Gormley, Lee Equity Partner.