U.S. accounting advisory firm CFGI announced today that funds advised by CVC Capital Partners have agreed to acquire a significant interest in the company, valuing CFGI at approximately $1.85 billion, according to a statement from the firm.
- All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle, co-founders and so-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI
- Transaction expected to close in 4Q
- Additional terms were not disclosed
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