Lightyear Capital Signs Agreement to Acquire PayByPhone

VANCOUVER, British Columbia & NEW YORK--(BUSINESS WIRE)--Lightyear Capital, a New York-based private equity firm with over US$7 billion in assets under management, has signed an agreement to acquire PayByPhone, a global leader in mobile parking payments, from Corpay (NYSE: CPAY). For over 25 years Lightyear has partnered with growing companies at the nexus of financial services and technology, healthcare, and business services, working closely with management and leveraging its industry experti