Today’s news in brief – 8/1/2025
Blackstone has announced a significant investment in Citrin Cooperman, acquiring a stake from New Mountain Capital and valuing the firm at over $2 billion. Founded in 1979, Citrin Cooperman offers tax, advisory, and accounting services to over 15,000 clients worldwide. This deal follows New Mountain’s 2021 acquisition, which valued the firm at $500 million. Citrin Cooperman CEO Alan Badey expressed excitement about Blackstone’s support for expanded services and technology investments. Blackstone’s Kelly Wannop praised the firm’s client-centric approach and leadership. This marks a growing trend of private equity investments in U.S. accounting firms, with Citrin Cooperman as a notable example.
Anne Smith has been appointed partner at Kilsby Williams, a leading independent firm in south Wales. With over 20 years of experience, Smith specializes in succession and estate planning, particularly for SMEs and their owner-managers. She began her career at KPMG and is a chartered accountant and tax adviser, as well as a committee member of the Chartered Institute of Taxation’s south Wales branch. Smith expressed her excitement to join the leadership team, emphasizing her commitment to holistic tax advice. Managing partner Simon Tee highlighted Smith’s expertise as instrumental in enhancing client services and navigating upcoming tax changes.
BDO has appointed Daniel Foster as audit partner in its Cambridge office, strengthening its audit services in East Anglia. Foster joins from EY, where he spent 14 years, including two as audit partner. He brings extensive experience with mid-market, listed, and private equity-backed businesses. Foster aims to support team development and strengthen BDO’s market presence in the region. Peter Harrup, head of BDO East Anglia, praised Foster’s reputation and expertise, particularly in the mid-market sector. This appointment aligns with BDO’s focus on sustainable growth and expanding its services for entrepreneurial businesses in the region.
Azets has appointed Signe Hibbert as VAT partner at its London Bridge office, continuing its strategic expansion in the capital. With over 20 years of Indirect Tax experience, Hibbert has worked with Arthur Andersen, PwC, and led VAT teams at Toyota Financial Services and Electronic Arts. She emphasizes her passion for team development and fostering a sense of purpose. Additionally, Josh Vincent, who joined Azets in 2009 as a school leaver, has been promoted to partner in the Accounting and Business Advisory Services team. These appointments highlight Azets’ commitment to growth and delivering expert services to London-based clients.
