BOSTON and STUTTGART, Germany, May
2, 2024 /PRNewswire/ -- CFGI, a leading global
accounting and business advisory firm and a portfolio company of
Carlyle and CVC Capital Partners, today
announced that it has signed an agreement to
acquire PAS Financial Advisory AG, a major German
non-audit accounting advisory firm with a robust
presence spanning nine offices across Germany and more than 100 employees.
PAS Financial Advisory AG serves
public and private clients, offering a comprehensive
suite of accounting, reporting, process, and valuation advisory
services tailored to address the evolving needs of organizations
across the business lifecycle. Comprising professionals with
extensive corporate and Big Four experience, PAS delivers
unparalleled expertise without the constraints of auditor
independence, providing clients with agile solutions to complex
challenges.
CFGI continues its strategic international growth trajectory
with this latest acquisition, further solidifying its position as
an industry leader in the provision of integrated financial and
non-financial reporting advice, technical accounting, risk
advisory, and transaction services.
"We are thrilled to welcome PAS Financial Advisory AG to the
CFGI family," commented CFGI Co-CEO Nick
Nardone. "This partnership marks a significant
milestone in our continued commitment to expanding our global
footprint and enhancing our service offerings to meet the evolving
needs of our clients."
Shane Caiazzo, CFGI Co-CEO,
added: "CFGI is building on its position as a world-class
independent accounting and business advisor to CFOs everywhere,
supporting their most important regulatory compliance and business
improvement initiatives. The addition of PAS gains us both a
leadership position within the German market and a great team
sharing the same mindset regarding our approach to the market,
client service, and product offerings."
"I'm extremely excited about the future and what this
combination will offer both our employees and our
clients," said Markus Groß, CEO of PAS Financial Advisory AG.
"Joining forces with CFGI strengthens our abilities to serve our
clients in increasingly complex regulatory environments. The
resulting partnership maintains our commitment to cultivating top
talent and delivering outstanding client service while expanding
our ability to serve clients as a global advisory partner. We thank
our clients for their trust in us and the unique partnerships this
has created."
The combined business serves a diverse customer base across
industries, including life sciences, manufacturing and
distribution, private equity, technology, software, energy, and
financial services.
For media inquiries, please contact:
CFGI Media Contact:
Rachel
Tucker Bobbitt, Regional Support Manager
marketing@cfgi.com
PAS Financial Advisory AG Media Contact
Markus Groß CEO
markus.gross@pasfa.de
About CFGI
CFGI, a Carlyle and CVC Capital Partners portfolio company, is a
leading global accounting and business advisory firm. We partner
with our clients on their most important regulatory, transaction,
and business improvement initiatives. Our team of over 1,000 former
Big 4 professionals brings expertise across technical accounting,
capital markets, tax, valuation, ESG, transaction advisory,
restructuring, and technology solutions — all delivered with an
independent and roll-up-the-sleeves approach. CFGI was founded in
2000 and serves thousands of global clients across 19 offices
throughout the Americas, Europe,
and the Asia Pacific regions.
Learn more at www.cfgi.com.
About PAS Financial Advisory AG
PAS Financial Advisory has become one of the largest and most
renowned German non-audit financial advisory
firms specializing in the delivery of best-in-class advisory
services along the CFO agenda. With a dedicated team of experts,
PAS Financial Advisory works closely with its clients to develop
customized solutions for their individual needs – from DAX40 and
mid-sized companies to innovative start-ups, as well as
private equity investors and their portfolio companies.
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