Daily News: April 10, 2012

Accordion Partners Announces Capital Raise

Accordion Partners, a new model financial services firm delivering cost-effective deal and project execution services to private equity firms and corporate development groups, 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 Ltd., 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.

“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 skill set 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.”

Eagle Proprietary Investments is a Dubai-based private investment and advisory firm wholly owned by National Industries Group Holding.

Axiom is a new model legal services firm purpose-built for the efficient execution of corporate legal work.