Lightyear Buying ING Adviser Network

Ackermann, Matt
November 2009
American Banker;11/4/2009, Vol. 174 Issue 200, p2
Trade Publication
The article reports that the New York private-equity firm Lightyear Capital Limited Liability Company has announced that it will buy the ING Advisor Network and its Financial Network Investment Corporation, Multi-Financial Securities Corporation, and PrimeVest Financial Services Incorporated. The chief executive of ING Advisor Network, Valerie Brown, is to remain in her position. Lightyear had also announced that it will inject millions of dollars into the Cascade Bancorp in Bend, Oregon.


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