The German division of accounting network Baker Tilly is examining the possibility of engaging with a private equity investor, reports Bloomberg.
Baker Tilly Germany has around 1,700 employees at ten locations and disclosed a revenue figure of €250.6m ($290.3m) for the previous year.
The Baker Tilly network comprises autonomous member firms, which reported a combined revenue of $5.6bn in 2024.
In a statement, the company spokesperson said: “We continuously monitor market developments and assess strategic options to further strengthen and develop our company. Private equity is only one of many possible ways to finance innovation and growth.”
The trend of seeking external capital is evident within the network, as the US branch of Baker Tilly entered into an agreement with private equity firms Valeas Capital and Hellman & Friedman in 2024.
Subsequently, it announced plans to merge with Moss Adams, with the deal potentially reaching $7bn in value.
In the UK, the network’s entity known as MHA listed on the London Stock Exchange in April, secured £98m through the offering.
It later expanded by acquiring Baker Tilly’s operations in Greece and Cyprus for €24m.
The Dutch arm of Baker Tilly also secured a minority investment from Inflexion, a European private equity firm, earlier in the year.
The news publication highlighted the accounting industry as a focal point for private equity firms aiming to consolidate the sector.
Grant Thornton has received investments from Cinven and New Mountain Capital, which have supported the firm’s various international units.
Recently, Baker Tilly International has announced the appointment of Barry Melancon as the new chair.
Melancon, who previously held the role of non-executive director and chair-elect, takes over from Brian Kreischer, who has concluded his term.
“Baker Tilly Germany explores private equity investment – report” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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