Accordion Partners announces Dubai presence
- United Arab Emirates: Wednesday, November 14 - 2012 at 09:12
- PRESS RELEASE
Accordion Partners, a specialized financial services firm driving value for investment companies, corporations, banks, Sovereign Wealth Funds and family offices on a uniquely flexible and cost-efficient model, announced the launch of its Dubai presence.
EIL will represent Accordion's services in the region, enabling Accordion to deliver its deep transactional and operational expertise to capital providers and corporate development groups in the Gulf region.
"Over the past year, we've been diving into the large market opportunity for Accordion in the Middle East and neighboring regions, and I'm now excited to announce the formal launch of our Dubai-based team, in partnership with Eagle," said Nick Leopard, Founder and CEO of Accordion Partners.
"Eagle is a well-respected and prominent player in the Gulf region and our partnership leverages their longstanding client relationships in the Middle East and Accordion's unique transaction and operational execution services. This is truly an underserved market that needs access to high-caliber, but cost-efficient advisory services. Whether it's advising on new investments, leading critical operational initiatives for US-based holdings, or providing on-the-ground deal teams in the Middle East, we look forward to working alongside a host of investment groups in the GCC," he added.
In April 2012, Accordion Partners announced the completion of a capital raise led by a mix of institutional and high net worth investors, including Eagle Proprietary Investments Limited.
"We strongly believe that Accordion's unique ability to bring top-tier operational and transactional support to clients with greater cost efficiency, as compared to a typical investment bank or consulting firm, will be extremely appealing and fill a growing need in this robust market," said Raj Dvivedi, CEO of Eagle Investments Limited.
"We've invested in Accordion (through EPIL), plan on using their services ourselves, and are confident they will be successful here in the Middle East," added Dvivedi.
"We look forward to extending the success we have enjoyed here in the United States to Middle Eastern clients," continued Leopard. "We recognize the unique need in this market, and as a young company, we plan to continue to identify geographic and asset class areas that are underserved. We will bring our team's wealth of experience and differentiated model to those markets. It's an exciting time of expansion for Accordion and we'd like to thank our shareholders and clients for their support as we grow and capitalize on this new model in finance."
Since its founding in 2009, Accordion has partnered with more than 90 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 top-tier investment banking, private equity and consulting trained professionals and veteran CFOs with sponsor-backed experience, possess the expertise and resources needed to help clients accelerate and execute deals, assess new opportunities and improve operations.
Accordion Partners has been awarded the M&A Services Firm of the Year by M&A Advisor and the Association for Corporate Growth for the past two consecutive years, 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.
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