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RidgeWorth Buyout Closes, Becomes Independent Investment Firm

Jun 02, 2014 - PR Newswire
Mergers and Acquisitions

  ATLANTA, June 2, 2014 /PRNewswire/ -- Employees of RidgeWorth Investments (RidgeWorth) alongside investment funds affiliated with Lightyear Capital LLC (Lightyear), a leading financial services private equity firm, have acquired RidgeWorth from SunTrust Banks, Inc. (NYSE: STI). The acquisition creates an independent investment firm poised for growth.     The transaction was recognized by the editors of Institutional Investor's Fund Industry Intelligence as the "2013 Mutual Fund Industry...