Lightyear Capital has completed its sale of Cetera Financial Group to RCS Capital (NYSE: RCAP) for $1.15 billion in cash. The deal was financed by Bank of America Merrill Lynch, Barclays and Luxor Capital Group, the last of which provided $370 million in equity financing. A financial services holding company, Cetera provides independent broker-dealer and investment advisory services. Lightyear formed the company in 2010 through the combination of three separate ING businesses. Lightyear is said to be looking at a 7x return on its money with the sale.