Vedder Price is acting as regulatory counsel to Hellman & Friedman (H&F) in its Strategic Investment in Private Equity-focused CPA firm Baker Tilly US, LLP, estimated to close in June 2024.
H&F, alongside Valeas Capital Partners (Valeas), will provide access to additional capital and capabilities to accelerate growth through further investments in talent, technology and strategic acquisitions in the professional services space, focused on mid-market CPA advisory. As part of the transaction, the firm will be restructured into two entities: Baker Tilly Advisory Group, LP will provide the firm’s business advisory, tax and other services, while Baker Tilly US, LLP, a separate legal entity and licensed CPA firm, will provide the firm’s attest services. Following the restructuring, both firms will remain partnerships.
H&F, alongside Valeas Capital Partners (Valeas), will provide access to additional capital and capabilities to accelerate growth through further investments in talent, technology and strategic acquisitions in the professional services space, focused on mid-market CPA advisory. As part of the transaction, the firm will be restructured into two entities: Baker Tilly Advisory Group, LP will provide the firm’s business advisory, tax and other services, while Baker Tilly US, LLP, a separate legal entity and licensed CPA firm, will provide the firm’s attest services. Following the restructuring, both firms will remain partnerships.
The Vedder Price team involved with this transaction was Steven R. Berger, ''Joe'' Dongye Zhou, Mel Kim and Alec E. Lybik.
Additional details on Baker Tilly’s website can be viewed here.