3/27/2023 0 Comments Accordion partnersWe have entrusted them for numerous, critical CFO-related projects within our portfolio, and we know their expertise around the entire lifecycle of an investment is needed now more than ever. “ We have known Nick and the Accordion team for years. “ We believe in the Accordion value proposition not only conceptually, but also in practice,” said Michael Choe, Managing Director and CEO at Charlesbank. Together with the added insight of Motive Partners – a firm with unmatched expertise in financial technology and digitization – we believe we have found the right partners to help us better serve our CFO clients and scale even further.” Charlesbank knows that Accordion was built to help CFOs navigate those often competing, but always urgent, demands. They understand that the modern-day PE-backed CFO is typically flooded with data, overwhelmed by the demands of institutional ownership, and under-staffed from a resource and expertise perspective. “Our partners at Charlesbank appreciate firsthand the critical and increasingly complicated role of the CFO as both a driver and protector of value. “ Charlesbank and Motive are best-in-class PE firms and the perfect partners to help Accordion in the next stage of our accelerated and ambitious growth trajectory,” said Mr. The firm has grown its geographic footprint to a total of 10 offices including its headquarters in New York and locations in Atlanta, Boston, Charlotte, Chicago, Dallas, Detroit, Los Angeles, San Francisco, and South Florida. The combination of these acquisitions and Accordion’s existing expertise offers private equity CFOs a single go-to partner for the full suite of their financial and technology-related needs. Accordion has also successfully completed three highly strategic acquisitions: financial restructuring and operational turnaround firm Mackinac Partners, which enhanced Accordion’s Turnaround & Restructuring practice, and technology consultancies ABACI and Platform Specialists, which focus on Enterprise Resourcing Planning (ERP) and Enterprise Performance Management (EPM) and have extended Accordion’s CFO Tech service offering. Accordion consultants now work alongside more than 200 leading fund sponsors and their portfolio management teams at every stage of the investment lifecycle. Throughout its history, the firm has experienced rapid and sustained organic growth, which accelerated following FFL Partners’ minority investment in 2018. The growth investment is intended to serve as an accelerant for Accordion’s continued expansion as the premier consulting firm and digital enablement partner for PE-backed CFOs.įounded in 2009, Accordion focuses exclusively on the Office of the CFO, primarily at private equity-backed companies. Nick Leopard, Founder and CEO, and the Accordion team will remain major shareholders alongside Charlesbank and Motive. NEW YORK – Septem– Accordion, a private equity-focused financial and technology consulting firm, announced that it has received a majority growth investment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm, and Motive Partners (“Motive”), a specialist private equity firm focused on financial technology. FP&A & Forecasting Process Buildout (IPO/SPAC)Ĭharlesbank transitions from Accordion client to investor Transaction also includes investment from financial technology specialist PE firm Motive Partners FFL exits after successful growth and scaling effort.Public Company Readiness Assessment (IPO/SPAC).Corporate Development/M&A Execution Support.Merger Integration Planning & Execution.Close & Consolidation Solution Implementation.Budgeting & Forecasting Solution Implementation.Business Intelligence & Big Data Analytics.ASC 842/Lease Accounting Implementation.Finance Process Automation & ERP Execution.Controller Support & Process Optimization.Audit Readiness & Financial Statement Preparation.
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