Lightyear Capital announced the promotion of Michal Petrzela to managing director.
Petrzela joined Lightyear full-time in 2005, after working at Lightyear as a summer associate in 2004. Before joining Lightyear, Petrzela worked at Barclays Capital in London in the Financial Institutions Group, where he helped to develop a balance sheet advisory practice. Prior to Barclays, Petrzela worked at Credit Suisse in New York, also in the Financial Institutions Group, where he advised on mergers and acquisitions in both the U.S. and Europe.
Petrzela began his career at Arthur Andersen as a consultant in the Financial Markets practice.
“Michal has developed keen investment insights into the financial services industry and has gained substantial operational experience that enables him to add value to Lightyear’s investments,” said Donald B. Marron, Chairman and Founder of Lightyear. “Michal has demonstrated a strong commitment to Lightyear and is an excellent asset to our team.”
Petrzela also joins Lightyear’s Investment Committee, which includes Chris Casciato, Michael Doppelt, Stewart Gross, Thierry Ho, Donald Marron and Mark Vassallo.
“On behalf of Lightyear, I am pleased to welcome Michal to the Investment Committee and congratulate him on this well-deserved promotion,” said Mark F. Vassallo, managing partner of Lightyear. “Michal’s promotion represents Lightyear’s continued commitment to and success in developing talent within the company.”
New York-based Lightyear Capital is a leading private equity firm making primarily control investments in North American-based, middle-market financial services companies.