Pinksalt Partners’ Post

Today Affinity Associates Limited proudly acquired our first practice in Cambridge. This is a big step forwards in our focus and our footprint outside of London. Enabling us to provide more audit services to our clients. This acquisition brings us to ten offices in the UK. This seller had some health concerns and to avoid undue stress we took a more relaxed approach to the speed of this deal. If you’re looking to sell your practice to a family owned Accountancy group, give me a message. Hit the bell icon 🔔 to subscribe to plenty more posts. #mergersandacquisitions #Cambridge #AccountancyPractice #Accountancy

In Memoriam to FLG Partner, Eric Hall (1954-2024) I'm sharing this letter from Lauren DeBuono, FLG's managing partner. Eric Hall had a profound influence on his partners, colleagues, and clients. Graduating with BA from UC Davis, followed by an MBA from his beloved Vanderbilt University, Eric began his career at Arthur Andersen & Co. and then Amdahl (with a short stint at Wells Fargo), quickly realizing that the way to go for him – to build his career in finance – was to be a consultant working with a myriad of tech and life sciences clients, with a focus on finance, FP&A, creative financing and tax strategies, M&A, and ultimately IPOs. Eric joined FLG in 2006 and became a “go-to“ partner within our partnership – the partner everyone in the firm goes to “check their thinking” on a particular issue or to learn from. Eric was not only brilliant but generous with his time to both his partners and clients, exuberant in his desire to help clients learn better strategies for handling complex issues, and always someone with a willingness to help out. Eric was a kind, thoughtful soul with no personal agenda. He just wanted to help you work through an issue, and that made him feel proud. I had the pleasure of working with Eric closely many times during my 13 years at FLG: he and I worked together on three major clients – seeing the clients through successive financings, several M&A deals, and two exits. Eric was my thought buddy – we would discuss the client issues “du jour,” and how we would resolve them. He always offered a creative approach – always well-thought-out with a desire to enhance the value for the client. He never took “no” for an answer - he would work on a strategic resolution that he felt could work for the client. For me, as his partner and colleague, he was the creative ying to my much more conservative yang.  Eric was also on the Management Committee during my tenure as Managing Partner of the firm, and he was a true example of a partner who demonstrates “love of firm.” He would always volunteer to write a blog if we needed one quickly for our Newsletter, participate in a workshop, or do a “teach-in” if we partners needed an update on a particular subject. Eric loved to teach and provide his partners and colleagues with additional knowledge to help us make better decisions for our clients, and, as such, we learned so very much from Eric. A very generous teacher.     He will be missed. Rest in peace, Eric, our dear friend. 

🎄 Big news day in the practice market! The first Monday of December is always special for the Austin Rose team as Christmas decorations make their appearance, but today is especially thrilling. What can top the excitement of tinsel and baubles? Yes, Accountancy Age has released their Top 50+50 list for 2024, spotlighting the 100 largest firms in the accountancy practice market. We're bursting with anticipation! 🎉 Our initial glance at the report reveals some significant trends. The big story remains the rise of Private Equity investments and the resulting market consolidation. This year's rankings are particularly tricky to analyse due to numerous mergers and acquisitions, with roughly 35% of the firms on the list involved in such activities over the past year. A closer look will follow, but here are some preliminary thoughts: ☑️ The biggest movers, driven by aggressive acquisitions, include Evelyn Partners, Sumer, FRP Advisory, TC Group, Cooper Parry, Dains, BKL, Shaw Gibbs, and Affinia (formerly LB Group). ☑️ It's noteworthy that Blick Rothenberg is listed separately from Azets Group. 👀 ☑️ Some firms like UHY, Haines Watts, and Fortus saw their rankings drop due to office sales or losses. ☑️ Interestingly, strong organic growth in the range of 15-20% still caused firms to fall in rankings, showing just how competitive the market is. Our data team has been working tirelessly to keep up with these shifts and certainly deserves a festive break! We're keen to hear your thoughts on the new rankings. What do you think about the impact of these acquisitions? Share your views in the comments below or get in touch to discuss opportunities in this dynamic market. www.austinrose.co.uk #accountancy #recruitment #finance #accountingfirms #icaew #big4 #privateequity #corporatefinance

🎄 Big news day in the practice market! The first Monday of December is always special for the Austin Rose team as Christmas decorations make their appearance, but today is especially thrilling. What can top the excitement of tinsel and baubles? Yes, Accountancy Age has released their Top 50+50 list for 2024, spotlighting the 100 largest firms in the accountancy practice market. We're bursting with anticipation! 🎉 Our initial glance at the report reveals some significant trends. The big story remains the rise of Private Equity investments and the resulting market consolidation. This year's rankings are particularly tricky to analyse due to numerous mergers and acquisitions, with roughly 35% of the firms on the list involved in such activities over the past year. A closer look will follow, but here are some preliminary thoughts: ☑️ The biggest movers, driven by aggressive acquisitions, include Evelyn Partners, Sumer, FRP Advisory, TC Group, Cooper Parry, Dains, BKL, Shaw Gibbs, and Affinia (formerly LB Group). ☑️ It's noteworthy that Blick Rothenberg is listed separately from Azets Group. 👀 ☑️ Some firms like UHY, Haines Watts, and Fortus saw their rankings drop due to office sales or losses. ☑️ Interestingly, strong organic growth in the range of 15-20% still caused firms to fall in rankings, showing just how competitive the market is. Our data team has been working tirelessly to keep up with these shifts and certainly deserves a festive break! We're keen to hear your thoughts on the new rankings. What do you think about the impact of these acquisitions? Share your views in the comments below or get in touch to discuss opportunities in this dynamic market. www.austinrose.co.uk #accountancy #recruitment #finance #accountingfirms #icaew

🎄 Big news day in the practice market! The first Monday of December is always special for the Austin Rose team as Christmas decorations make their appearance, but today is especially thrilling. What can top the excitement of tinsel and baubles? Yes, Accountancy Age has released their Top 50+50 list for 2024, spotlighting the 100 largest firms in the accountancy practice market. We're bursting with anticipation! 🎉 Our initial glance at the report reveals some significant trends. The big story remains the rise of Private Equity investments and the resulting market consolidation. This year's rankings are particularly tricky to analyse due to numerous mergers and acquisitions, with roughly 35% of the firms on the list involved in such activities over the past year. A closer look will follow, but here are some preliminary thoughts: ☑️ The biggest movers, driven by aggressive acquisitions, include Evelyn Partners, Sumer, FRP Advisory, TC Group, Cooper Parry, Dains, BKL, Shaw Gibbs, and Affinia (formerly LB Group). ☑️ It's noteworthy that Blick Rothenberg is listed separately from Azets Group. 👀 ☑️ Some firms like UHY, Haines Watts, and Fortus saw their rankings drop due to office sales or losses. ☑️ Interestingly, strong organic growth in the range of 15-20% still caused firms to fall in rankings, showing just how competitive the market is. Our data team has been working tirelessly to keep up with these shifts and certainly deserves a festive break! We're keen to hear your thoughts on the new rankings. What do you think about the impact of these acquisitions? Share your views in the comments below or get in touch to discuss opportunities in this dynamic market. www.austinrose.co.uk #accountancy #recruitment #finance #accountingfirms #icaew

🎄 Big news day in the practice market! The first Monday of December is always special for the Austin Rose team as Christmas decorations make their appearance, but today is especially thrilling. What can top the excitement of tinsel and baubles? Yes, Accountancy Age has released their Top 50+50 list for 2024, spotlighting the 100 largest firms in the accountancy practice market. We're bursting with anticipation! 🎉 Our initial glance at the report reveals some significant trends. The big story remains the rise of Private Equity investments and the resulting market consolidation. This year's rankings are particularly tricky to analyse due to numerous mergers and acquisitions, with roughly 35% of the firms on the list involved in such activities over the past year. A closer look will follow, but here are some preliminary thoughts: ☑️ The biggest movers, driven by aggressive acquisitions, include Evelyn Partners, Sumer, FRP Advisory, TC Group, Cooper Parry, Dains, BKL, Shaw Gibbs, and Affinia (formerly LB Group). ☑️ It's noteworthy that Blick Rothenberg is listed separately from Azets Group. 👀 ☑️ Some firms like UHY, Haines Watts, and Fortus saw their rankings drop due to office sales or losses. ☑️ Interestingly, strong organic growth in the range of 15-20% still caused firms to fall in rankings, showing just how competitive the market is. Our data team has been working tirelessly to keep up with these shifts and certainly deserves a festive break! We're keen to hear your thoughts on the new rankings. What do you think about the impact of these acquisitions? Share your views in the comments below or get in touch to discuss opportunities in this dynamic market. www.austinrose.co.uk #accountancy #recruitment #finance #accountingfirms #icaew

Further activity in the background as buyout firms are shortlisted to purchase a stake in Grant Thornton UK LLP Since the failings with the Sports Direct and Patisserie Valerie audits, GT has cut away a number of PIE clients and continued to focus on getting management/ leadership right. They are now setting up a deal that essentially values the firm at £1.5bn; Cinven EQT Group and New Mountain Capital have all made it to the table. Interesting times as this last few weeks alone, we have seen PE backed firms looking at new buyers, RSM looking to merge the UK and US businesses and firms like Haines Watts continuing to sell off remaining offices. What will the landscape look like come 2025? -- 📞 07468 485 853 💻 george.tatnell@pro-finance.co.uk #audit #accountancy #grantthornton #rsm #haineswatts #aca #acca #icaew #icas #cinven #eqt #newmountain #corporatefinance #advisory #transactions

https://lnkd.in/eW8KVZTa - good article by Charlotte Lear One of the 2 or 3 top exam questions for a Managing Partner ahead of a merger like this has to be: "how do you square the circle on non-partner pay given a not insignificant gulf between the two firms*?" *appropriate use of a double negative ✅ sound utilisation of the phrase 'square the circle' ✅ actually getting merger done ✅ Forget what Google Maps says. It's literally a 5 minute walk across Shoreditch High Street. Things to do along on the way? There had better be a few good ones. Cause it represents a daily diversion which will cost Shearman juniors £77 pounds a day** Ouch! **pre-tax, assuming a 260 day working year.

🎄 Big news day in the practice market! The first Monday of December is always special for the Austin Rose team as Christmas decorations make their appearance, but today is especially thrilling. What can top the excitement of tinsel and baubles? Yes, Accountancy Age has released their Top 50+50 list for 2024, spotlighting the 100 largest firms in the accountancy practice market. We're bursting with anticipation! 🎉 Our initial glance at the report reveals some significant trends. The big story remains the rise of Private Equity investments and the resulting market consolidation. This year's rankings are particularly tricky to analyse due to numerous mergers and acquisitions, with roughly 35% of the firms on the list involved in such activities over the past year. A closer look will follow, but here are some preliminary thoughts: ☑️ The biggest movers, driven by aggressive acquisitions, include Evelyn Partners, Sumer, FRP Advisory, TC Group, Cooper Parry, Dains, BKL, Shaw Gibbs, and Affinia (formerly LB Group). ☑️ It's noteworthy that Blick Rothenberg is listed separately from Azets Group. 👀 ☑️ Some firms like UHY, Haines Watts, and Fortus saw their rankings drop due to office sales or losses. ☑️ Interestingly, strong organic growth in the range of 15-20% still caused firms to fall in rankings, showing just how competitive the market is. Our data team has been working tirelessly to keep up with these shifts and certainly deserves a festive break! We're keen to hear your thoughts on the new rankings. What do you think about the impact of these acquisitions? Share your views in the comments below or get in touch to discuss opportunities in this dynamic market. www.austinrose.co.uk #accountancy #recruitment #finance #accountingfirms #icaew

🎄 Big news day in the practice market! The first Monday of December is always special for the Austin Rose team as Christmas decorations make their appearance, but today is especially thrilling. What can top the excitement of tinsel and baubles? Yes, Accountancy Age has released their Top 50+50 list for 2024, spotlighting the 100 largest firms in the accountancy practice market. We're bursting with anticipation! 🎉 Our initial glance at the report reveals some significant trends. The big story remains the rise of Private Equity investments and the resulting market consolidation. This year's rankings are particularly tricky to analyse due to numerous mergers and acquisitions, with roughly 35% of the firms on the list involved in such activities over the past year. A closer look will follow, but here are some preliminary thoughts: ☑️ The biggest movers, driven by aggressive acquisitions, include Evelyn Partners, Sumer, FRP Advisory, TC Group, Cooper Parry, Dains, BKL, Shaw Gibbs, and Affinia (formerly LB Group). ☑️ It's noteworthy that Blick Rothenberg is listed separately from Azets Group. 👀 ☑️ Some firms like UHY, Haines Watts, and Fortus saw their rankings drop due to office sales or losses. ☑️ Interestingly, strong organic growth in the range of 15-20% still caused firms to fall in rankings, showing just how competitive the market is. Our data team has been working tirelessly to keep up with these shifts and certainly deserves a festive break! We're keen to hear your thoughts on the new rankings. What do you think about the impact of these acquisitions? Share your views in the comments below or get in touch to discuss opportunities in this dynamic market. www.austinrose.co.uk #accountancy #recruitment #finance #accountingfirms #icaew