Starr Investment Holdings’ Acquisition of ACA Compliance Group Holdings, LLC


ACA Compliance Group is receiving legal counsel from DLA Piper. New Mountain Capital is receiving legal counsel from Kirkland & Ellis LLP. Raymond James & Associates, Inc. and Credit Suisse Securities (USA) LLC are acting as financial advisors to ACA and New Mountain.

New Mountain Capital, LLC (“New Mountain”), a growth-oriented investment firm that currently manages more than $20 billion in assets, today announced that it has agreed to sell ACA Compliance Group Holdings, LLC (“ACA”) to Starr Investment Holdings, LLC. New Mountain acquired majority control of ACA in December 2013. ACA is the leading provider of risk management and technology solutions to the financial services industry in the U.S. and Europe.

Founded in 2002 by former SEC examiners and a state regulator, ACA services and develops its products with a team comprised of former SEC, FINRA, FSA, FCA, NYSE, CFTC, NFA, and state regulators, as well as former senior in-house compliance professionals and technologists from prominent financial institutions. ACA serves a diversified base of leading investment advisers, private fund managers, commodity trading advisors, investment companies and broker-dealers, including 81 of the top 100 hedge fund managers, 68 of the world’s top 100 private equity firms, and 76 of the top 100 U.S. money managers.1 ACA offers a suite of complementary solutions to address mission-critical, ongoing client needs, including a diverse set of services and technology products relating to the following areas: Regulatory compliance; Cybersecurity; Financial crimes; Performance services, including GIPS® verifications; and A wide variety of technology solutions for financial services firms.

Since New Mountain’s December 2013 investment, ACA has grown significantly and tripled its employee headcount. The company also has made substantial investments into new capabilities and product solutions to drive additional value for its customers and enable continued growth well into the future.

Kirkland & Ellis LLP advised New Mountain Capital, LLC and ACA Compliance Group Holdings, LLC with Joshua Kogan (Picture) and Ravi Agarwal and associates Andy Fleischman and Seth Genende.

Involved fees earner: Joshua Kogan – Kirkland & Ellis; Ravi Agarwal – Kirkland & Ellis; Andy Fleischman – Kirkland & Ellis; Seth Genende – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: New Mountain Capital; ACA Compliance Group Holdings LLC;

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Author: Ambrogio Visconti