In addition, Accordion has been recognized as an employer of choice for pioneering a better way to work in finance. With a focus on hands-on, results-oriented execution, Accordion is widely recognized as the go-to PE consultancy and the premier digital-enablement partner for portfolio company CFOs. The firm’s services include operational and technical accounting, strategic financial planning and analysis, CFO-driven transformation, CFO technology, transaction execution, public company readiness, interim leadership, and turnaround and restructuring. Working at the intersection of sponsors and management teams, Accordion partners with clients at every stage of the investment lifecycle. For additional information, please visit About AccordionĪccordion is a private equity-focused financial and technology consulting firm. FFL currently has over $5 billion of cumulative capital commitments. The firm aims to partner with exceptional management teams and employs a high-engagement approach to accelerate growth at its businesses. FFL employs a proprietary sourcing and value creation strategy called the Sector Exploration and Expertise Development ("SEED") process. Based in San Francisco, FFL is a hyperspecialized, thematic investor focused on targeted areas within Healthcare and Tech-Enabled Services, two complementary sectors in which the firm has deep expertise and broad networks. "During our partnership, the business expanded significantly, more than quadrupling EBITDA, and today we are well positioned to grow our team and our services as private equity firms seek great partners to help them outperform in a competitive environment."įFL Partners is a leading middle-market private equity firm that has been investing in high-quality companies since 1997. "FFL was aligned with our vision for growing Accordion, and their resources, guidance, and experience played a significant role in identifying and structuring transactions that helped us to expand our service offerings into new markets," said Leopard. We identified a secular trend of private equity firms becoming more focused on driving value creation and willing to outsource to best-of-breed specialists like Accordion," said Cas Schneller, Managing Partner at FFL, adding, "We began as a client of Accordion, and were so impressed by Accordion’s differentiated, execution-oriented consulting model and the vision of CEO Nick Leopard that we decided to become his investment partner." "Accordion is an excellent example of FFL’s Sector Exploration and Expertise Development ('SEED') investment approach. Accordion remains the only firm focused exclusively within the office of the CFO at private equity-backed companies and works alongside over 200 fund sponsors and their portfolio management teams across the investment lifecycle. Headquartered in New York, the Company also has offices in Atlanta, Boston, Charlotte, Chicago, Dallas, Detroit, Los Angeles, San Francisco, and South Florida. Financial terms of the private transaction were not disclosed.Īccordion provides operational, technical accounting, strategic financial planning and analysis, CFO technology, transaction execution, public company readiness, interim leadership, turnaround and restructuring, and other services spanning the entire CFO function. The deal also includes investment from Motive Partners, a specialist private equity firm focused on financial technology. SAN FRANCISCO, September 08, 2022-( BUSINESS WIRE)-FFL Partners ("FFL"), a private equity firm focused on growth investments in healthcare and tech-enabled services, announced today that it has exited its investment in Accordion (the "Company"), a private equity-focused financial and technology consulting firm, selling its interest to Charlesbank Capital Partners. EBITDA Quadrupled Over Four-Year Investment Period
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