Blackstone acquires majority stake in accounting firm Citrin Cooperman - report
An investor group led by Blackstone (NYSE:BX) is purchasing a stake of over two-thirds in U.S. accounting firm Citrin Cooperman from smaller rival New Mountain Capital, according to a media report dated Tuesday.
Blackstone Buying Stake in Accounting Firm Citrin Cooperman
New Mountain Capital is selling its stake in accounting firm Citrin Cooperman to an investor group led by Blackstone, the first flip of an audit firm by a private-equity investor.
Citrin gets new PE owner as Blackstone buys stake
The Top 25 Firm's deal to transfer its private equity ownership from New Mountain Capital to Blackstone is the first of its kind in the accounting space.
A second private-equity company acquires top 20 firm Citrin Cooperman
Blackstone acquires a majority investment made less than three years ago by a fellow private-equity company, the latest in a long line of recent deals involving large accounting firms.
Blackstone to invest in Citrin Cooperman Advisors
Blackstone has agreed to make a significant investment in Citrin Cooperman Advisors, a US-based tax, advisory and accounting provider for mid-market businesses and high-net worth individuals. As part of the transaction, Blackstone is acquiring its stake in the firm from New Mountain Capital LLC. No financial terms were disclosed.
Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capital
Citrin Cooperman Advisors LLC (the "Firm"), a premier tax, advisory and accounting provider for private middle market businesses and high net worth individuals, today announced a definitive agreement for a significant investment from private equity funds managed by Blackstone ("Blackstone").
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