Lightyear's Ed exit inches closer with first PE meetings

Ed CEO Steve Hearn has had exploratory meetings with a number of
private equity funds as signs grow that Lightyear Capital will move
to exit its position at the broker inside the next 12 months,
The Insurance Insider can reveal.
When Hearn was parachuted in as CEO of the now rebranded Cooper
Gay in late 2015, majority owner Lightyear had pencilled in an exit
in the first quarter of 2019.
However, this timeline has now been compressed and Hearn,
working...