Kohlberg & Company to acquire Riveron

Riveron, a US business advisory firm focused on the office of the CFO, private equity, and other capital providers, is to be acquired by affiliates of Kohlberg & Company with existing investor HIG Capital set to retain a minority interest. 

Riveron, a US business advisory firm focused on the office of the CFO, private equity, and other capital providers, is to be acquired by affiliates of Kohlberg & Company (Kohlberg) with existing investor HIG Capital (HIG) set to retain a minority interest. 

As part of the deal, a significant percentage of Riveron’s employee base will also become equity owners in the company. Additional terms of the agreement have not been disclosed.

Founded in 2006, Riveron helps clients navigate today’s most complex business challenges through its end-to-end suite of accounting, finance, technology, and operations services that span the business lifecycle. With over 700 employees across 12 offices in the US, Riveron’s clients include CFOs, private equity firms, and other stakeholders.

The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to close in July. 

Jefferies Group LLC and Moelis & Company acted as financial advisors to Riveron and McDermott Will & Emery acted as legal counsel to HIG and Riveron in connection with the transaction. Guggenheim Securities, LLC and Citizens served as financial advisors to Kohlberg. Ropes & Gray LLP and Greenberg Traurig, LLP acted as legal counsels to Kohlberg.