Weil’s Munich, Frankfurt and New York offices are advising CFGI on the agreement to acquire PAS Financial Advisory AG. The parties agreed not to disclose commercial details of the transaction. Closing is subject to the pending merger control approval.

CFGI, a portfolio company of Carlyle and CVC Capital Partners with headquarters in Boston and 19 offices across the globe, is a leading independent accounting and business advisory firm specializing in accounting, capital markets, tax, valuation, ESG, transaction advisory, restructuring and technology solutions. The acquisition of PAS allows CFGI to expand its global footprint and enter the German market in a leadership position.

PAS, headquartered in Stuttgart, is a major independent German non-audit financial advisory firm providing services along the CFO agenda with more than 100 employees in nine offices across Germany.

The Weil transaction team is led by Co-Managing Partner of Weil’s German offices Gerhard Schmidt (Munich) and Co-Head of U.S. Private Equity Christopher Machera (New York), as well as Corporate counsel Andreas Fogel (Munich). The team also included partners Manuel-Peter Fringer (Corporate, Munich), Tobias Geerling (Tax, Munich), Helyn Goldstein (Tax, New York), counsel Steffen Giolda (Antitrust, Munich) as well as associates Alexia Kuhnmünch, Christopher Schletter, Lucas Ottowitz, Maria Teodorescu (all Corporate, Munich), Joseph Maurantonio (Corporate, New York), Alexander Reich (Tax, Frankfurt), Adam Sternberg (Tax, New York), Fabian Kraupe (Litigation, Munich) and Eva Barthelmann (Antitrust, Munich).