SkyKnight Capital and Dragoneer Investment Group to acquire a majority stake in Simplicity Group from Lee Equity Partners.

Private equity firms, SkyKnight Capital and Dragoneer Investment Group to acquire a majority stake in Simplicity Group, a financial products distribution firm, from Lee Equity Partners, a private equity firm. Financial terms were not disclosed. "Simplicity is a best-in-class distributor of financial products that empower and enable American financial independence. We are excited to support the Simplicity partners as they continue to build a truly unique company that is delivering for consumers, retail agents and advisors, employees, and shareholder partners. Further, the investment in Simplicity is a continuation of our commitment to partnering with market-defining businesses with broad-based employee ownership. Finally, we are grateful for the opportunity to partner with Dragoneer for a third time in the Financial Services space," Matthew Ebbel, SkyKnight Capital Managing Partner.