Goldman Sachs Alternatives agrees to acquire AAB

6 1 minute read

Goldman Sachs Alternatives has recently announced its acquisition of professional services firm AAB from August Equity. The deal is currently pending regulatory approval, expected to be finalized later in 2025.

AAB is a renowned firm offering a wide range of services including accounting, taxation, auditing, corporate finance, human resources, payroll, and wealth advisory. By January 2025, AAB had achieved an impressive £100m ($135m) in annual revenue, marking a significant threefold growth in just three years.

Under the guidance of August Equity since 2021, AAB has made remarkable strides, acquiring 16 businesses, expanding its presence across the UK and Ireland, and growing its workforce to over 1,000 employees. As August Equity transitions out, AAB expressed confidence in its future growth prospects, emphasizing its diversified service offerings.

With the backing of Goldman Sachs, AAB anticipates accelerated growth, particularly in technology, AI, and automation capabilities. This strategic partnership is expected to propel AAB towards its growth trajectory, enabling the firm to deliver enhanced services to clients.

The transaction involved advisory services from reputable firms. AAB and August Equity were advised by William Blair and Alantra for corporate finance, OC&C for commercial, PwC for financial and tax, and Addleshaw Goddard for legal matters. On the other hand, Goldman Sachs received advisory support from Houlihan Lokey for M&A, Linklaters for legal counsel, EY Parthenon for commercial aspects, and EY for financial and tax matters.

CEO of AAB, Emma Lancaster, expressed gratitude for the transformative partnership with August Equity, highlighting the support that enabled the firm to invest in talent, technology, and service expansion. Lancaster affirmed the commitment to delivering long-term value to clients and team members while embracing the growth strategy with the new partnership with Goldman Sachs Alternatives.

The news of “Goldman Sachs Alternatives agrees to acquire AAB” was originally reported by International Accounting Bulletin, a GlobalData owned brand.

Please note that the information provided in this article is for general informational purposes only and should not be considered as professional advice. It is advisable to seek expert guidance before making any decisions based on the content presented here.