Inflexion makes strategic minority investment in Baker Tilly Netherlands
Inflexion, a leading European mid-market private equity firm, is pleased to announce that it has agreed a minority investment in Baker Tilly Netherlands, a leading accountancy and advisory firm. The investment is being made by Partnership Capital III, Inflexion’s dedicated minority fund.
Baker Tilly Netherlands is an independent member of Baker Tilly International, one of the 10 largest accountancy and consultancy networks in the world. The Baker Tilly network provides advice and support across tax, advisory, assurance and legal in 141 countries. Inflexion will make a minority investment into Baker Tilly Netherlands to support its growth plans in the region.
Baker Tilly Netherlands has seen significant organic growth, and has an ambitious strategy to consolidate the fragmented local market and grow further through acquisition. The business also plans to expand its services and scale its business model, allowing clients to continue to receive a high-quality service and benefit from investment in quality, product innovation and digitalisation.
Inflexion will use its experience in growing businesses acquisitively, alongside its deep sector expertise, to support the management team to achieve their goals. In the last few years, Inflexion has made a number of investments in the professional services sector, including accountancy and taxation service provider TC Group, health and safety management consultant dss+, legal services firm DWF, governance, risk and compliance services and software provider GRC.
The management team at Baker Tilly Netherlands has a clear and ambitious vision for the future of their business. We are pleased how the unique flexibility of our minority strategy has allowed us to structure a partnership that enables Baker Tilly to benefit from the value-add of a strategic investor, whilst keeping control within the partner group.
We are delighted to be able to bring our regional and sector expertise together to support this investment into Baker Tilly. The accountancy sector is seeing significant consolidation and we believe that Baker Tilly is well placed to take advantage of this opportunity. We look forward to supporting the team as they continue to grow the business.
We believe that Inflexion is the ideal partner to support our future ambitions. They will support our growth and development not only with capital but also with highly relevant expertise and strategic support. Our partnership with Inflexion will enable us to accelerate our growth as an independent company and through acquisition.
Ronald Hoeksel, CEO, Baker Tilly
The transaction will be submitted to the Netherlands Authority for Consumers and Markets. Baker Tilly is also still in consultation with the Dutch Financial Markets Authority and will seek advice from its Works Council.