(New York, NY) November 25, 2013 - ACA Compliance Group ("ACA"), the leading global regulatory compliance consultancy, announced today that it has agreed to partner with New Mountain Capital to further grow and expand its business. The transaction will benefit ACA's current and future clients by providing the firm with strategic guidance and capital necessary to deepen the firm's regulatory compliance and GIPS® verification offerings, including through technology enhancements. Additionally, the partnership will allow ACA to expand into related corporate governance and risk services.
ACA provides regulatory compliance consulting services to investment advisers, private fund managers, commodity trading advisors, investment companies, and broker-dealers. ACA also provides GIPS® verification services and a wide variety of compliance-related educational opportunities. Founded in February 2002 by former federal and state regulators, ACA features an experienced consulting team of former SEC, FINRA, FSA, NYSE, CFTC, NFA, and state regulators, as well as former senior in-house compliance professionals from prominent financial institutions.
New Mountain Capital was founded in January 2000 with a focus on growth investing. The firm currently manages private equity and public equity capital with aggregate assets under management totaling over $10 billion. New Mountain pursues high quality, mid-market sized companies in key growth industries, and works closely with management after the acquisition to build value.
The transaction, which is expected to close in early December 2013, will launch ACA into its next stage of growth and allow it to feature a suite of risk and corporate governance service offerings tailored to the needs of financial services firms worldwide. In addition, ACA expects to develop and expand its technology capabilities, both internally and via client offerings. In connection with the transaction, ACA expects to seek opportunities for growth on a global basis.
While New Mountain will acquire a controlling interest, the firm's five original founders and partners will maintain a significant investment in the new entity. ACA will continue to operate with no changes to the senior leadership team and staffing. The investment was an outgrowth of proprietary discussions between ACA's founders and New Mountain.
"With its differentiated regulatory expertise, ACA is the clear market leader in compliance consulting services," said Peter N. Masucci, Managing Director of New Mountain Capital. "ACA's strong culture and reputation allow it to attract and retain talented professionals across all divisions, and its resulting deep experience across all asset classes allows ACA to offer its unique insights and unparalleled service."
"This is a tremendous opportunity for ACA Compliance Group and its clients," said Robert L. Stype, Managing Partner of ACA Compliance Group. "New Mountain will provide us with the resources to expand our global presence and accelerate our development of new services and technology offerings."
ABOUT ACA COMPLIANCE GROUP
ACA provides expert compliance consulting services to investment advisers, private fund managers, commodity trading advisors, investment companies, and broker-dealers. ACA additionally provides GIPS® verification services and a wide variety of compliance-related educational opportunities.
ACA partners with clients in order to help them build and maintain a strong culture of compliance and sound infrastructure. ACA-developed compliance programs are premised on industry best practices, up-to-date compliance requirements, and robust oversight processes.
Founded in 2002 by former federal and state regulators, ACA delivers the highest quality compliance consulting services with unquestionable integrity and unmatched dedication to its clients. With offices in New York, London, Hong Kong, Boston, Chicago, Los Angeles, and other cities, ACA features an experienced consulting team of former SEC, FINRA, FSA, NYSE, CFTC, NFA, and state regulators, as well as former senior in-house compliance professionals from prominent financial institutions.
For more information, please visit www.acacompliancegroup.com
ABOUT NEW MOUNTAIN CAPITAL
New Mountain Capital is a New York-based private equity firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private and public equity funds with over $10 billion in aggregate capital commitments. New Mountain seeks out the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.
For more information, please visit www.newmountaincapital.com