NEW YORK--(BUSINESS WIRE)--Lightyear Capital LLC, a financial services private equity firm, today announced that it has completed the sale of Paradigm Acquisition Corp., the largest nationwide provider of outsourced catastrophic workers’ compensation case management services for insurance companies and self-insured employers, to affiliates of Summit Partners. Lightyear’s affiliated investment funds acquired Paradigm in February, 2012. Terms of the transaction were not disclosed. Founded in 1991
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