CVC Capital Partners is buying accounting services firm CFGI from Carlyle for $1.85 billion. CFGI helps CFOs with complex accounting needs, including accounting support, financial planning and analysis, capital markets and transaction advisory.
“All CFOs need a non-audit partner to help them achieve their objectives, and this is where CFGI fits in,” said CFGI co-CEOs Nick Nardone and Shane Caiazzo. “We bring all the skills that CFOs need to succeed, both for regulatory compliance and long-term value creation.”
Nelson Mullins Riley & Scarborough is advising CFGI. Wachtell, Lipton, Rosen & Katz is advising Carlyle. Weil, Gotshal & Manges LLP is advising CVC.