CFGI Announces Investment from CVC Capital Partners Fund VIII to Drive Continued Growth

NEW YORK –  CFGI, LLC ("CFGI" or “the Company”), a leading non-audit accounting advisory firm in the United States, announced today that funds advised by CVC Capital Partners (“CVC”) have agreed to acquire a significant interest in the Company, valuing CFGI at approximately $1.85 billion. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle (NASDAQ: CG), Co-Founders and Co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI. Additional terms of the transaction were not disclosed.