Top 20 US accounting firm CohnReznick has inked a deal with Apax Partners, which will make a “strategic” investment to fuel the firm’s acquisition plans and build out its technology offerings, the firms said Wednesday.
The transaction is slated to close by the end of April. Additional financial terms of the deal were not disclosed.
The $1.1 billion accounting firm joins a growing list of its mid-tier peers seeking outside capital to expand their business and invest in technology needed to compete in today’s fast-moving marketplace. More than a dozen of the 30 largest US firms have cut private equity ...
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