Addleshaw Goddard advises AAB and August Equity on landmark investment from Goldman Sachs Alternatives
Addleshaw Goddard has advised leading professional services firm AAB Group and private equity investor August Equity on AAB’s new strategic investment from Goldman Sachs Alternatives. The transaction remains subject to regulatory approval and is expected to complete in 2025.
The deal marks a significant milestone in AAB’s ambitious growth journey, having tripled in size since 2021, expanded across the UK and Ireland, and reached £100 million in annual revenues earlier this year. Addleshaw Goddard have worked alongside AAB since prior to August’s investment including advising on all of their UK and Ireland strategic acquisitions, led by Corporate Partner Laura Falls “Working with AAB as they have been on this transformative growth journey has been really exciting. To look back at the initial acquisitions, the August investment and see where AAB are now and how they have been focused on what they want to achieve is a great example of how private equity investment can support and allow a business to achieve those growth goals. We have loved working with the AAB team and are excited to see what is next.” Addleshaw Goddard acted as legal adviser to both AAB and August Equity on the transaction, which positions AAB for its next phase of accelerated growth alongside one of the world’s most prominent investment platforms. The team was a cross-office deal lead by Paul Medlicott, Laura Falls and Sarah Dick in relation to the diligence and the sale and Gemma Phillips and Miriam Doukhan in relation to the management equity advice and comes at a time where there is a huge amount of private equity interest and investment in accountancy services and professional services in general.