CVC Capital Partners’ Acquisition of CFGI

Nelson Mullins Riley & Scarborough represented CFGI, Wachtell, Lipton, Rosen & Katz represented Carlyle, Weil, Gotshal & Manges represented CVC in the transaction.

The Carlyle Group announced an agreement to sell a significant interest in CFGI, a financial consulting firm and portfolio company of The Carlyle Group, to funds affiliated with CVC Capital Partners.  The transaction values CFGI at approximately $1.85 billion. 

The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions and receipt of required regulatory approvals.

Founded in 2000 and headquartered in Boston, Massachusetts, CFGI serves the Office of the CFO as an independent advisor to assist with complex accounting and process improvement needs.

CVC is a leading private equity and investment advisory firm with a network of 25 offices throughout Europe, Asia and the US, with approximately US$125 billion of assets under management. Since its founding in 1981, CVC has secured commitments in excess of US$165 billion from some of the world’s leading institutional investors across its private equity and credit strategies. 

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $276 billion of assets under management as of June 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. 

The Weil team advising CVC Capital Partners was led by Private Equity partner Christopher Machera (Picture) and included Private Equity Co-Head Douglas Warner and Private Equity associates Joseph Maurantonio, Cruz Wiles and Caitlin Haefner (Not Yet Admitted in New York). The team also included Tax partner Helyn Goldstein; Tax counsel Gary Silber; Tax associate Corey Spector; Private Equity Executive Compensation & Benefits Head Michael Nissan; Executive Compensation & Benefits partner Sarah Downie; Executive Compensation & Benefits associates Akansha Mishra and Robin Caskey; Technology & IP Transactions partner Charan Sandhu; Technology & IP Transactions/Privacy counsel Alexa Chu Clinton; Technology & IP Transactions/Privacy associates Catherine Kim, Aishwarya Limaye and Amanda DeMasi (Not Yet Admitted in New York); Banking & Finance partner Allison Liff; Banking & Finance counsel Paul Overmyer; Banking & Finance associate Kaitlin Bond (Admitted in New York Only); Regulatory Transactions partner Shawn Cooley; Regulatory Transactions counsel Timothy Welch; Regulatory Transactions associate Nathan Cunningham; Antitrust partner Vadim Brusser; Employment Litigation partner Nicholas Pappas; Employment Litigation counsel Ami Zweig; and Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York).

The Wachtell Lipton’s team was led by partners Nicholas G. Demmo and Raaj S. Narayan and included Natalie S.Y. Wong, Associate, Samuel C. Nadler, Associate (Corporate), Joshua M. Holmes, Partner, Swift S.O. Edgar, Associate (Tax), Gregory E. Pessin, Partner, Daniel J. Wertman, Associate (Finance), Michael J. Schobel, Partner, Dixing Tang, Associate (Executive Compensation and Benefits), and Lori S. Sherman, Associate (Antitrust). 

Involved fees earner: Nicholas Demmo – Wachtell, Lipton, Rosen & Katz; Swift Edgar – Wachtell, Lipton, Rosen & Katz; Joshua Holmes – Wachtell, Lipton, Rosen & Katz; Samuel Nadler – Wachtell, Lipton, Rosen & Katz; Raaj Narayan – Wachtell, Lipton, Rosen & Katz; Gregory Pessin – Wachtell, Lipton, Rosen & Katz; Michael Schobel – Wachtell, Lipton, Rosen & Katz; Lori Sherman – Wachtell, Lipton, Rosen & Katz; Dixing Tang – Wachtell, Lipton, Rosen & Katz; Daniel Wertman – Wachtell, Lipton, Rosen & Katz; Natalie Wong – Wachtell, Lipton, Rosen & Katz; Kaitlin Bond – Weil, Gotshal & Manges; Vadim Brusser – Weil, Gotshal & Manges; Robin Caskey – Weil, Gotshal & Manges; Alexa Chu Clinton – Weil, Gotshal & Manges; Shawn Cooley – Weil, Gotshal & Manges; Nathan Cunningham – Weil, Gotshal & Manges; Sarah Downie – Weil, Gotshal & Manges; Helyn Goldstein – Weil, Gotshal & Manges; Catherine Kim – Weil, Gotshal & Manges; Allison Liff – Weil, Gotshal & Manges; Aishwarya Limaye – Weil, Gotshal & Manges; Christopher Machera – Weil, Gotshal & Manges; Joseph Maurantonio – Weil, Gotshal & Manges; Akansha Mishra – Weil, Gotshal & Manges; Michael Nissan – Weil, Gotshal & Manges; Paul Overmyer – Weil, Gotshal & Manges; Nicholas Pappas – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Gary Silber – Weil, Gotshal & Manges; Corey Spector – Weil, Gotshal & Manges; Douglas Warner – Weil, Gotshal & Manges; Timothy Welch – Weil, Gotshal & Manges; Cruz Wiles – Weil, Gotshal & Manges; Ami Zweig – Weil, Gotshal & Manges;

Law Firms: Wachtell, Lipton, Rosen & Katz; Weil, Gotshal & Manges;

Clients: Carlyle Group; CVC Capital Partners;

Author: Martina Bellini