Lightyear Capital LLC (“Lightyear”), a New York-based private equity firm focused on financial services investing, today announced that an affiliate of Lightyear Fund III, L.P. completed its acquisition of the Healthcare Benefit Solutions business from FIS™. Lightyear previously announced the signing of a definitive agreement to acquire the business on June 25, 2012.
The new company has been renamed and will operate as Alegeus Technologies (“Alegeus”). Alegeus is the market leader in benefits administration and payment processing for consumer directed healthcare accounts. Robert Natt will be Alegeus’ full time Executive Chairman and Thomas Torre will be its Chief Executive Officer.