M&A Deal Summary

Motive Partners and Charlesbank Capital Partners Acquire Accordion Partners

On September 8, 2022, private equity firms Motive Partners and Charlesbank Capital Partners acquired financial services company Accordion Partners from FFL Partners

Acquisition Highlights
  • This is Motive Partners’ 4th and Charlesbank Capital Partners’ 5th transaction in the Financial Services sector.
  • This is Motive Partners’ 7th and Charlesbank Capital Partners’ 68th transaction in the United States.
  • This is Motive Partners’ 4th and Charlesbank Capital Partners’ 8th transaction in New York.

M&A Deal Summary

Date 2022-09-08
Target Accordion Partners
Sector Financial Services
Buyer(s) Motive Partners
Charlesbank Capital Partners
Sellers(s) FFL Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Willkie Farr & Gallagher (Legal)

Target

Accordion Partners

New York, New York, United States
website
Accordion Partners is a private equity-focused financial and technology consulting firm. Working at the intersection of sponsors and management teams, Accordion partners with clients at every stage of the investment lifecycle. Accordion Partners was founded in 2009 and is based in New York.

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Buyer(S) 2

DESCRIPTION

Motive Partners is an investment firm focused on financial technology businesses. Prospective transaction types include management buyouts, growth financings, and venture. Motive Partners was formed in 2016 and is based in New York City.


DEAL STATS #
Overall 10 of 12
Sector (Financial Services) 4 of 4
Type (Secondary Buyout) 2 of 3
State (New York) 4 of 4
Country (United States) 7 of 8
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 BetaNXT

New York, New York, United States

BetaNXT provides back-office processing solutions to the wealth management industry, including securities processing and tax reporting. BetaNXT is based in New York City.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 With Intelligence

London, United Kingdom

With Intelligence is an independent and entrepreneurial company that provides a unique combination of proprietary data, actionable insights, and must-attend events across a range of asset classes, including hedge funds, traditional asset management, private equity, real estate, and credit/debt. With Intelligence was founded in 1998 and is based in London, United Kingdom.

Buy -
Buyer

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $1.5 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 76 of 80
Sector (Financial Services) 5 of 6
Type (Secondary Buyout) 24 of 26
State (New York) 8 of 8
Country (United States) 68 of 71
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Titan Cloud Software

Nashville, Tennessee, United States

Titan Cloud Software provides industry-major solutions for environmental compliance, advanced fuel analytics, and facility management so that clients can effectively manage risk and run efficient, profitable businesses. Entrusted by a customer base that comprises the who's who of the retail petroleum industry and commercial fleet market, Titan's software currently monitors 50% of all U.S. consumer gasoline throughput and covers more than 65,000 facilities. Working with this extensive network enables Titan to provide its customers with compelling data and analytics that they can use to manage risk and fuel profit. Titan Cloud Software was founded in 2012 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 ImageQuix

Raleigh, North Carolina, United States

ImageQuix is a provider of workflow and e-commerce solutions for high-volume professional photography studios. ImageQuix was founded in 1997 and is based in Raleigh, North Carolina.

Buy -

Seller(S) 1

SELLER

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.


DEAL STATS #
Overall 29 of 31
Sector (Financial Services) 5 of 6
Type (Secondary Buyout) 12 of 13
State (New York) 1 of 1
Country (United States) 27 of 29
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Abacus Group

New York, New York, United States

Abacus Group is a provider of managed IT solutions and infrastructure for the financial services sector. The Company’s scalable, secure, and highly available private cloud IT platform allows investment managers to run all their technology as a service, providing firms with peace of mind and the ability to focus on their core business without sacrificing performance, security, or resiliency. Abacus Group was founded in 2008 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 American Advisors Group

Irvine, California, United States

American Advisors Group (AAG) is a purpose-driven organization dedicated to improving the lives of seniors. The group helps older Americans navigate their way into and through retirement with ease and peace of mind by providing them with personalized service and a number of home equity solutions designed to give them the best financial outcome for a better retirement. American Advisors Group was formed in 2004 and is based in Irvine, California.

Sell -