Kohlberg to acquire a majority stake in Riveron from HIG.

Kohlberg, a middle market private equity firm, agreed to acquire a majority stake in Riveron, a national business advisory firm, from HIG, a global alternative assets investment firm. Financial terms were not disclosed. “We are honored to partner with the Riveron management team and H.I.G. in supporting the next phase of the Company’s growth. Over the last two years, we have conducted extensive diligence on the CFO services sector, which fits squarely within the long-term secular themes we have successfully invested behind in our broader Business Services core practice area. We look forward to contributing our team’s insights and our capital base to help extend Riveron’s innovative suite of capabilities while maintaining its focus on providing world-class business advisory services to its clients and firmly establishing the Company as the employer of choice in the industry,” Ahmed Wahla, Kohlberg Partner and Head of Business Services.