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New Mountain Capital to sell ACA Compliance to Starr Investment Holdings.

BANKING AND CREDIT NEWS-January 16, 2018-New Mountain Capital to sell ACA Compliance to Starr Investment Holdings

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New Mountain Capital, LLC, a growth-oriented investment firm that currently manages more than USD 20 billion in assets, has announced that it has agreed to sell ACA Compliance Group Holdings, LLC ("ACA") to Starr Investment Holdings, LLC, the company said.

New Mountain acquired majority control of ACA in December 2013. ACA is the provider of risk management and technology solutions to the financial services industry in the US and Europe.

Founded in 2002 by former SEC examiners and a state regulator, ACA services and develops its products with a team comprised of former SEC, FINRA, FSA, FCA, NYSE, CFTC, NFA, and state regulators, as well as former senior in-house compliance professionals and technologists from prominent financial institutions. ACA serves a diversified base of investment advisers, private fund managers, commodity trading advisors, investment companies and broker-dealers, including 81 of the top 100 hedge fund managers, 68 of the world's top 100 private equity firms, and 76 of the top 100 US money managers.

ACA Compliance Group is receiving legal counsel from DLA Piper. New Mountain Capital is receiving legal counsel from Kirkland & Ellis LLP. Raymond James & Associates, Inc. and Credit Suisse Securities (USA) LLC are acting as financial advisors to ACA and New Mountain.

New Mountain Capital is a New York based investment firm that emphasizes business building and non-cyclical growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with approximately USD 20 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.

ACA Compliance Group is a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. ACA serves a diverse base of investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and banks.

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Publication:M2 Banking & Credit News (BCN)
Date:Jan 16, 2018
Words:357
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