Accounting Firms

Azets owner hires JP Morgan as it considers £1.5bn sale

Azets is one of the largest providers of business-critical services such as accounting work, payroll and tax to small and medium-sized businesses in northern Europe

Private equity firm HG has hired investment bankers at JP Morgan to oversee its proposed auction of accountancy firm Azets, according to Sky News.

It has been reported that a price tag of between £1bn and £1.5bn will be put on the accountancy firm.

Azets is one of the largest providers of business-critical services such as accounting work, payroll and tax to small and medium-sized businesses in northern Europe.

In total, it boasts more than 100,000 SME customers.

The company trades under a number of brands, including Blick Rothenberg, which formed part of a 2016 merger that saw Hg become a shareholder in the business.

Hg has been contacted for comment.

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