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Cfgi Announces Investment From Cvc Capital Partners Fund Viii To Drive Continued Growth

Sep 15, 2021•almost 4 years ago

Description

CFGI, LLC ("CFGI" or "the Company"), a leading non-audit accounting advisory firm in the United States, announced today that funds advised by CVC Capital Partners ("CVC") have agreed to acquire a significant interest in the Company, valuing CFGI at approximately $1.85 billion. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle (NASDAQ: CG), Co-Founders and Co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI. Additional terms of the transaction were not disclosed.

Company Information

Company

Cfgi

About

CFGI is the leading non-audit accounting and finance advisory firm to the Office of the CFO. Since its founding over 20 years ago, CFGI has become the nation's leading independent advisor, assisting companies with effective compliance and continuous operational improvement. CFGI's team of over 650 professionals serves thousands of clients across its 12 offices, leveraging their expertise in capital markets, accounting and tax advisory, technology, risk management, valuation and business process transformation. To learn more, visit www.cfgi.com.