Simpson Thacher is representing Baker Tilly in connection with its entry into a definitive agreement to combine with Moss Adams LLP (Moss Adams). As part of this transaction, private equity firm Hellman & Friedman (H&F), an existing investor in Baker Tilly, will make a meaningful additional strategic investment in the business, with existing shareholder Valeas Capital Partners (Valeas) also increasing its investment. Following the deal close, Moss Adams and Baker Tilly's audit business will combine as Baker Tilly US, LLP and the firms' business advisory, tax and other services will combine under Baker Tilly Advisory Group, LP (BTAG). The transaction is expected to close in early June of this year.
Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 143 territories, with 43,500 professionals and a combined worldwide revenue of $5.62 billion.
Moss Adams is a leading accounting, consulting and wealth management firm serving clients nationally and globally. The firm's more than 4,800 professionals operate from 30 locations across the U.S. and leverage Praxity, a global alliance of independent accounting firms, to meet client needs in 110 countries internationally.
The Simpson Thacher team includes Atif Azher, Fred de Albuquerque, Naveed Anwar, Julie Siegel, Shaneel Parikh, Omar Kanjwal, Jack Culbertson, Ondrej Gaiser-Palecek, Sabrina Suen and Megan Johanneson (M&A); Brian Steinhardt, Benjamin Persina, Janhvi Barthwal and Emily Linares (Banking and Credit); Russell Light, Ruoxi Zhang and Michael Leitner (Tax); David Rubinsky, Scott Schilson and Sam Elmi (Executive Compensation & Benefits); Lori Lesser, Kate Mirino and Christian Bond (IP); Sara Razi, Preston Miller, Kelly Karapetyan and Nathan May (Antitrust); David Blass, Meredith Abrams, Owen Lysak and Margaret Foster (U.S. Broker Dealer and Investment Advisory); Vanessa Burrows and Alexander Franchilli (Healthcare); and Steven DeLott (Insurance).