ACCOUNTANCY FIRM Blick Rothenberg has been acquired by private equity platform HgCapital.
Under the deal, Blick Rothernberg will sit within HgCapital’s Services sector but will retain its name and way of doing business.
Founded in 1945 and headquartered in London, Blick Rothenberg has 24 partners and over 200 staff.
Bob Rothenberg, senior partner at Blick Rothenberg, commented: “Our culture in caring and guiding our team, alongside an environment where they can develop and flourish, is a major contributor to our practice and client relationships. The investment by HgCapital will allow us to further build on this philosophy as well as allowing Blick Rothenberg to continue to grow together with our clients, both big and small, by meeting their increasing financial, tax and regulatory needs.”
HgCapital said the investment is in line with the business model characteristics that business looks for, including strong client loyalty, high levels of recurring revenue, and high cash flow generation.
“We are absolutely delighted to have invested in Blick Rothenberg,” said Matt Rourke, partner and head of the HgCapital services team. “We have followed the business for a number of years and have always been attracted by the strength of Blick Rothenberg’s position in its market, as well as the culture and the quality of its people.”
The terms of the transaction were not disclosed.
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