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ACA Compliance Group to Partner with Starr Investment Holdings for Next Phase of GrowthNEW YORK, Jan. 9, 2018 /PRNewswire/ -- ACA Compliance Group ("ACA"), the leading provider of risk management and technology solutions to the financial services industry in the U.S. and Europe, announced today that it will partner with Starr Investment Holdings, LLC ("SIH") for its next phase of growth. SIH has agreed to acquire a controlling interest from ACA's previous majority owner New Mountain Capital, LLC. ACA is a leading provider of risk management and technology solutions that focus on regulatory compliance, performance, cybersecurity and risk analytics. ACA positions its clients for success by partnering with them to mitigate their regulatory, operational, cybersecurity and reputational risks. ACA's clients include leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and domestic and international banks. "Starr's global reach, substantial capital resources, long-term approach to creating value, and deep expertise in both core and attractive new markets make it the ideal partner for ACA as we enter our next phase of growth," said Robert L. Stype, Chief Executive Officer of ACA. "We are confident that this transaction will enable ACA to continue our expansion into technology-based solutions and bring enhanced productivity and new capabilities to our clients around the world." Geoffrey Clark, Starr Investment Holdings' Senior Managing Director, said: "We look forward to partnering with ACA's talented leadership team and professionals, and believe there are significant opportunities to leverage our deep expertise in financil services, healthcare, and tech-enabled solutions to support the expansion of ACA's market-leading platform into new services and verticals globally." Martin McNulty, Starr Investment Holdings' Managing Director stated: "ACA is the clear market leader in its space, with blue-chip clients, deep domain expertise, and a complementary platform of services. We are excited to be a resource to the leadership team in its continued development and commercialization of technology-driven solutions such as ComplianceAlpha® and Decryptex®." The transaction is expected to close during the first quarter of 2018, subject to customary closing conditions. Financing for the transaction will be provided by Ares Capital Partners. Starr was advised by Latham & Watkins LLP and KPMG LLP. About ACA Compliance Group About Starr Investment Holdings, LLC Media Contacts For ACA Compliance Group: View original content:http://www.prnewswire.com/news-releases/aca-compliance-group-to-partner-with-starr-investment-holdings-for-next-phase-of-growth-300579848.html SOURCE Starr Investment Holdings, LLC |