Charlesbank Capital Partners and Motive Partners Get a Majority Stake in Financial Consulting Firm Accordion
Posted on 09/10/2022
Charlesbank Capital Partners and Motive Partners acquired a majority stake in Accordion, a New York-based private equity-focused financial and technology consulting firm, from FFL Partners. Financial terms were not disclosed.
Accordion, a private equity-focused financial and technology consulting firm, has received a majority growth investment from Charlesbank Capital Partners, a middle-market private investment firm, and Motive Partners, a specialist private equity firm focused on financial technology. Nick Leopard, Founder and CEO, and the Accordion team will remain major shareholders alongside Charlesbank and Motive. The growth investment is intended to serve as an accelerant for Accordion’s continued expansion as a consulting firm and digital enablement partner for private equity-backed CFOs.
Founded in 2009, Accordion focuses exclusively on the Office of the CFO, primarily at private equity-backed companies. Throughout its history, the firm has experienced rapid and sustained organic growth, which accelerated following FFL Partners’ minority investment in 2018.
FFL (formerly known as Friedman Fleischer & Lowe) exited through the transaction after surpassing its investment goals in less than four years. FFL invested in Accordion in October 2018.
Advisors
Global investment banking and capital markets firm Guggenheim Securities, LLC served as financial advisor to Accordion on the transaction. Willkie Farr & Gallagher LLP provided legal counsel to Accordion, while Ropes & Gray LLP and Gibson, Dunn & Crutcher LLP provided legal counsel to Charlesbank and Motive, respectively.
