Following its investments in Moore Belgium in 2020, Moore Kingston Smith (UK) and Moore Ireland in 2023, Waterland is pleased to announce its investment in Moore DRV in the Netherlands. Read the full story here: https://lnkd.in/ec78sc6h #Buyandbuild #Moore #Waterlandprivateequity #Accountancy #PanEuropeanGrowth
Waterland Private Equity’s Post
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Chartered Accountant with experience across Audit, Financial Reporting, Governance, Recruitment, Risk & Tax
Practice News Webinar – Friday 9 February Join the Chartered Accountants Ireland Practice Consulting Team and our guests for our free February edition of Practice News on the morning of Friday, 9 February from 10am. The following issues will be addressed during this session: · 2023 was an active year for Private Equity investment and consolidation in the Irish accountancy sector. We discuss these growing trends with fellow Institute member Neal Morrison FCA, CTA, CFP®, who along with his partners in McInerney Saunders - Chartered Accountants and Business Advisers, recently concluded a deal for the sale of their firm to the UK based Dains Accountants. · 2024 will be a key year in relation to Sustainability, as for example, the EU Corporate Sustainability Reporting Directive – CSRD, is due to be formally transposed into Irish Law. Learn from our Institute Sustainability Lead Susan Rossney and our Professional Accounting team members Deirdre Moran & Mike O'Halloran on why this area will having growing importance for your practice and your clients over the coming months and years. · Recent UK and Irish Tax updates by our Institute Tax specialists Leontia Doran and Gearóid O'Sullivan. · The Institute’s ongoing interactions with key Regulators (such as the Companies Registration Office and HM Revenue & Customs) on behalf of our members. · A brief overview of some of the latest Compliance and Technical issues from recent weeks, as included in the February 2024 edition of Practice Matters. To learn more on this session and to book your free place today, check out the link below : https://lnkd.in/eNZxzfmf #charteredaccountants #ireland #northernireland #sustainability #lookingforward #taxes #investment #privateequity #csrd
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Trying to make tax interesting and relevant. Sometimes goes off brand and posts about completely unrelated things
The richer you are, the more options you have. The interesting point is the number of credible alternatives that are opening up. Crowe UK Crowe Global https://lnkd.in/e5DbbJPc
Billionaire non-dom quit UK on day Hunt scrapped tax breaks, says adviser
theguardian.com
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Scotland’s Top 100 private companies have reported total annual revenue of nearly £40 billion, representing average growth of 26% over the last year, a report by Grant Thornton published today by The Herald reveals. Grant Thornton UK LLP #top100privatecompanies
Revealed: Scotland's Top 100 private companies
heraldscotland.com
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Very interesting article on what's been happening across the pond in terms of Private Equity investing in Accountancy firms (and other #professionalservices firms). Big headlines this week was Grant Thornton LLP (US) agreeing to sell majority stakes to PE and with Baker Tilly US a few weeks earlier, that makes two of the Top 10 largest US accounting firms. #privateequity has been attracted to accounting firms by the combination of steady income from tax and audit work and the opportunity to expand into new services such as consulting. We have seen this happening in recent times with the smaller mid-tiers here in the UK but will this open the door to more Top 10 firms in the UK? Food for thought! One Case Study in the making: Moore Global, a global network of more than 200 mid-size accounting firms with annual revenue that rose 15 per cent last year to $4.5bn, said more than half its revenue growth in 2023 came from the three firms in its network that had taken private equity money. The trio — Moore Kingston Smith in the UK and Moore Belgium, both backed by Waterland, and New Mountain Capital-backed Citrin Cooperman in the US — posted revenue growth more than double that of Moore Global overall.
Private equity groups step up pursuit of white-collar partnerships
ft.com
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The TiPS Phase A started last week, with the team meeting with Sidaways Chartered Accountants, UK Property Accountants | UK Property Tax Specialists, Emerald Path Accountants, Principles Law Partnership, and Woolley, Beardsleys & Bosworth LLP - who were excited to start working with us 🙌 Another set of 1:1 sessions is planned for the 13th of February! Follow us to stay updated on the TiPS project 🫡 Visit our website: https://lnkd.in/eiTeHKWD #legaltech #legaltechnology #lawfirms #accounting #accountancy #technology
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Private equity is coming for professional service firms. Apparently billing hours isn't such a bad business model after all. Especially if ever changing rules and regulations allow you to keep billing those hours. And, where there's a 'guarantee to make money', there's an interest from private equity. ▶ In the US, Hellmann & Friedman acquired a majority stake of 51% in accounting firm Baker Tilly. ▶ In the Netherlands, it's most likely that Waterland holds a majority stake in accounting firm de Jong & Laan (for which they allegedly paid 6.5 times EBITDA). ▶ A merger of three other Dutch accounting firms is backed by Avendon. Not only accounting firms are acquired. Private equity is entering the legal industry as well. ▶ In the UK, Sun Capital owns law firm Fletcher Solicitors. ▶ Dutch law firms are currently restricted territory for outside money. However, this may change if the European Court of Justice rules in favor of a Germen lawyer / entrepreneur who acquired a 51% stake in the firm he founded. It seems private equity will play a significant role in shaping the future professional services landscape.
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Accountancy firms must ensure their constitutions can adapt to changing market conditions. Key areas to address include compensation structures, governance, external investment, and partner succession planning. Firms need constitutions that incentivise desired behaviours, allow for flexible decision-making, and manage partner exits in a way that protects the firm's interests. See more here: https://bit.ly/4eGzp5M #AccountancyAge #AccountancyFirms #Constitution #LLP
Accountancy Firm Constitution: Points to Address Today
https://www.accountancyage.com
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In her latest blog, Kreston Global Chief Executive Liza Robbins explores the drivers, challenges and opportunities behind the growing interest in private equity in accountancy. Read the full blog post here: #PrivateEquity #Accountancy #IndustryTrends #KrestonGlobal
Private Equity in accountancy | Kreston Global
https://www.kreston.com
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“In my latest blog post I explore the drivers behind the growing interest of private equity in accountancy, the challenges and opportunities it presents, and the implications for firms considering this path. You can read the full story here: https://lnkd.in/efMYXSXj As always, your thoughts and insights are highly valued, so feel free to share your perspective in the comments or reach out to me directly. #PrivateEquity #Accountancy #Industryrends #StrategicInsights #KrestonGlobal”
Private Equity in accountancy | Kreston Global
https://www.kreston.com
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The accounting profession is in a state of disruption and investment due to the projected abundant future. I really appreciated this thoughtful article from Gale Crosley, CPA, CGMA around "Unpacking the private equity / CPA cultural divide". It provides some great context around the level of change that the accounting profession has been going through and will continue to go through for years to come. #accounting
Unpacking the Private Equity/CPA Cultural Divide - Crosley and Company
https://www.crosleycompany.com
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1moChe bravi )