Apax Global Alpha says that it expects to invest approximately €35m in CohnReznick LLP on a look-through basis. This will be through its commitment to the Apax XI Fund which announced on 26 February that it has agreed to invest in CohnReznick, which it describes as one of the leading advisory, assurance, and tax firms in the US. The transaction is expected to close in March/April 2025.
In partnership with the Apax Funds, CohnReznick intends to invest further in its talent and business to continue to drive growth. APAX will use its operational expertise and experience in professional services to support CohnReznick in advancing its value creation plan, which includes expanding service lines, developing technology-centric client solutions, entering new markets, developing best-in-class talent, and advancing its existing tech platform to drive further innovation and efficiency. The Apax Funds will also support CohnReznick in pursuing its targeted acquisitions strategy to further grow its client offering.
Who is CohnReznick?
Headquartered in New York, CohnReznick is one of the largest audit, tax and advisory partnerships in the US operating across 29 offices nationwide. APAX says that, sitting within the mid-market, CohnReznick serves companies in a range of industries, with a particular focus on real estate, financial services and financial sponsors, private client services, manufacturing, renewable energy, and government advisory.
