CVC to Invest in Carlyle-Backed CFGI at $1.9 Billion Value

CVC Capital Partners has agreed to buy a stake in CFGI, an accounting advisory firm backed by the Carlyle Group, according to a statement reviewed by Bloomberg News.

The deal values Boston-based CFGI at $1.85 billion. Carlyle is reinvesting in the deal along with CFGI co-founders and co-chief executive officers Nick Nardone and Shane Caiazzo. Other terms weren’t disclosed.

CFGI helps chief financial officers with accounting support, financial planning, tax advisory and risk management services, according to the statement Wednesday.

“All CFOs need a non-audit partner to help them achieve their objectives, and this is where CFGI fits,” Nardone ...