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Moore Kingston Smith has announced that it has received external investment from European private equity firm Waterland.
This investment follows Waterland’s investment in Moore Belgium, which is part of the Moore network.
Moore Kingston Smith is the London firm of the Moore UK network, and the firm has over 70 partners and more than 700 people based in and around London.
Waterland was founded in 1999 has more than 170 professionals working across 13 offices across Europe, managing over €14bn (£12.4bn) of investor commitments.
Maureen Penfold, managing partner, said: “This is an exciting development in Moore Kingston Smith’s ongoing growth strategy which will allow us to invest further in our own business and M&A strategy and really take our ambitious growth plans to the next level, whilst maintaining our partnership ethos and firm culture.”
“The professional services landscape is changing rapidly, and we want to be among the firms leading the way.The financing we receive from Waterland will allow us to expand our capabilities to clients by offering additional service lines as well as more comprehensive solutions, with new opportunities for our talented people and teams.”
Matthias Geyssens, principal at Waterland and non-executive director at Moore Belgium, added: “Moore Kingston Smith has an excellent reputation in the audit and advisory space, with a solid business structure that has enormous potential for growth. We look forward to working together to unleash the firm’s potential and help them achieve their goals in the coming years.”
