Accordion Partners Announces Capital Raise

Accordion Partners, a New York-based corporate financing firm, has raised an undisclosed amount of funding led by Dubai-based Eagle Proprietary Investments. Other investors include Peter Lehrman, CEO of AxialMarket, and Alec Guettel, co-founder of Axiom Law.

PRESS RELEASE:

Accordion Partners, a new model financial services firm delivering cost-effective deal and project execution services to private equity firms and corporate development groups, today announced the completion of a capital raise led by a mix of institutional and high net worth investors. The capital raise was led by Eagle Proprietary Investments Limited, a Dubai-based investment firm registered with the Dubai International Financial Centre (DIFC), with additional investments from strategic investors, including Peter Lehrman of AxialMarket and Alec Guettel, co-founder of Axiom Law. Each investor brings substantial professional networks and industry expertise important to Accordion’s mission and growth plans.

“The energy, ideas and alignment our team brings to clients make every day more fulfilling.”

Clients turn to Accordion to act as an in-house team to execute highly-analytical operational projects and to lead mergers and acquisitions, capital raises and refinancings, where an investment bank is often unneeded, but where clients traditionally had nowhere else to turn. By deploying its team of former investment banking and fund professionals to clients in a project-oriented and variable-cost manner, Accordion provides an efficient and effective alternative to the often-prohibitive fee structures of investment banks and management consultancies. Since its inception, Accordion has worked globally to realize more than a 50% reduction in transaction and deal team fees for its clients. The capital raise will fund Accordion’s continued rapid growth and expansion.

“It’s been thrilling to watch the deal community validate a completely new, but overdue, model in financial services. Previously, private equity teams and corp dev heads lacked access to the investment banking skillset without committing to the prohibitive fee structures of the very same types of firms we cut our teeth at. We are flipping that upside down. Our goal was to build a new experience in finance for our professionals and bring a highly cost-effective execution solution to our clients,” said Nick Leopard, Founder and CEO of Accordion Partners. “The energy, ideas and alignment our team brings to clients make every day more fulfilling.”

Since its founding in 2009, Accordion has partnered with more than 80 private equity and corporate clients, including holdings of Providence Equity Partners, The Riverside Company, Symphony Technology Group, Toyota and the United States Navy. The Accordion team, comprised of former bulge bracket investment banking and top tier fund professionals, possesses the expertise and resources needed to help clients accelerate and execute deals, assess new opportunities, improve operations and achieve sustainable growth. In 2011, Accordion Partners was awarded the M&A Services Firm of the Year by M&A Advisor and the Association for Corporate Growth, and in early 2012, Accordion CEO, Nick Leopard, was selected as a Winner of the 2012 40 Under 40 East M&A Advisor Recognition Awards.

“We are impressed with Accordion’s unique value proposition, rapid growth and footprint in the market,” said Raj Dvivedi, CEO, Eagle Proprietary Investments Limited. “Nick and his senior leadership team are high-quality executives and we believe the Accordion model to be revolutionary in that it offers top-tier service and efficiencies for clients at a fraction of the cost of a typical investment bank or consulting firm. We see Accordion’s opportunity for tremendous scalable growth and are pleased to partner with them through this investment.”

“We recently partnered with Accordion while undergoing a sale process. Not only did the Accordion team become a trusted partner with management and the private equity sponsors, they operated as an extension of our in-house finance team, melding together to form one team. Their expertise and guidance allowed us to execute the transaction faster and without engaging an outside investment bank, giving us significant cost savings and more confidence in the valuation, process and purchase price,” said Scott Colabuono, CEO, Fantastic Sams.

“What Nick Leopard and the Accordion team are building has a lot of exciting parallels with what Axiom has accomplished in global legal services. Just like corporate law departments, private equity firms face a mystifyingly inefficient spectrum of professional service providers. It’s time for a new, more sensible model. Accordion is growing fast and their clients love them. I think I’m lucky to be along for the ride,” said Alec Guettel, co-founder of Axiom Law.

About Accordion Partners

Accordion is a new model financial services firm delivering cost-effective deal and project execution services to private equity firms and corporate development groups. Clients turn to Accordion as an in-house team to execute highly-analytical operational projects and to lead mergers and acquisitions, capital raises and refinancings where an investment bank is often unneeded, but where clients traditionally had nowhere else to turn. By deploying its team of former investment banking and fund professionals to clients in a project-oriented and variable cost manner, Accordion provides an efficient and effective alternative to the often-prohibitive fee structures of investment banks and management consultancies. Since inception, Accordion has worked globally to realize more than a 50% reduction in transaction and deal team fees for its clients.