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New Deal


Announced

Completed

Accordion completed the acquisition of ABACI.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Enterprise Resourcing Planning

United States

Single Bidder

Private

Domestic

Information / Data Services

Enterprise Performance Management

Majority

Friendly

Acquisition

Synopsis

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Accordion, a private equity-focused financial and technology consulting firm, completed the acquisition of ABACI, an Enterprise Resourcing Planning and Enterprise Performance Management consultancy. Financial terms were not disclosed. "This acquisition is a perfect fit in our CFO Tech strategy. Adding ABACI into the Accordion family completes an essential piece of our functional-specific technology practice. And that technology has never been more important to PE-backed CFOs, or their sponsors. Whether its technology to increase data visibility, to evaluate liquidity, to automate inefficient processes, or to combine operational and financial metrics for a more accurate picture of company performance, the right investment in the right tech stack is critical and urgent," Nick Leopard, Accordion CEO.

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