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Rating:The RidgeWorth Deal Is Done Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, June 02, 2014

The RidgeWorth Deal Is Done

Reported by Tommy Fernandez

RidgeWorth is now free to pursue its own destiny.

The firm completed its buyout deal from former parent SunTrust. The deal was originally announced in December 2013.

The buyout was done in a partnership with private equity shop Lightyear Capital.

Lightyear is investing healthfully in Ridgeworth. The firm is actively looking to grow, in part by acquisition.

Senior executives at RidgeWorth, including CEO Ashi Parikh, told MFWire in February 2014 and again in late March, that the firm is hungry for deals. 

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