Hellman & Friedman to Buy $900m Stake in Baker Tilly: FT

PE firms Hellman & Friedman and Valeas agreed to buy just over 50% in US accounting firm Baker Tilly, Financial Times reports, citing a person familiar with the deal.

• Hellman & Friedman accounts for more than $900m of the investment
• H&F’s investment could double in size over time as it funds future acquisitions, Blake Kleinman, a partner at the PE firm, told FT
• There’s an undisclosed amount of debt financing from private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital

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