Charlesbank Capital Partners and Motive Partners acquire Accordion as FPL Partners exits

Sep 9, 2022 | News

Accordion, a private equity-focused financial and technology consulting firm, has secured 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.

FFL Partners (FFL) meanwhile, a private equity firm focused on growth investments in healthcare and tech-enabled services, has exited its investment in the business by selling its minority stake to Charlesbank Capital Partners.

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 the premier consulting firm and digital enablement partner for PE-backed CFOs.

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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.

Accordion consultants now work alongside more than 200 leading fund sponsors and their portfolio management teams at every stage of the investment lifecycle.

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.

Source: Private Equity Wire

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