Strategic Growth Investment Brought to PKF O'Connor Davies

PKF O'Connor Davies Secures Strategic Growth Investment

PKF O'Connor Davies (PKFOD) is thrilled to share the exciting news of a strategic growth investment from Investcorp and PSP Investments, two significant players in the global investment market. This partnership marks a pivotal moment for the organization, aiming to enhance its capabilities and expand the range of services offered to clients.

Enhancing Competitiveness and Sustainability

The investment is expected to bolster PKFOD's competitive edge and promote long-term sustainability. With a stronger balance sheet, the organization is poised to engage in more mergers and acquisitions while also investing in advanced technologies and new service offerings. This flexibility is integral for maintaining agility in a rapidly evolving market.

Leadership's Vision for Growth

Kevin Keane, Executive Chairman at PKF O'Connor Davies, emphasized the importance of service within the organization. He remarked, "This investment from Investcorp and PSP validates the quality of our brand, team, and clientele. Their history of supporting profitable companies indicates a bright future for us." This sentiment resonates strongly as the organization prepares for the next phase of growth.

A Partnership of Success

Steve Miller, Co-Head of North America Private Equity at Investcorp, expressed enthusiasm for the partnership, noting that they share a strong history of investment within the professional services sector. Miller highlighted that working with over 200 PKFOD partners would enhance the organization’s growth trajectory, built on decades of success.

The Path Forward for PKF O'Connor Davies

As part of this investment, PKFOD will continue to operate under an alternative practice structure, ensuring compliance with professional standards. PKF O'Connor Davies LLP will maintain its role as a licensed CPA firm providing attest services, while PKF O'Connor Davies Advisory LLC will focus on delivering tax and advisory services.

The Transaction's Details

While specific terms of the investment were not disclosed, the transaction has already received regulatory approval and is set to proceed following standard closing conditions. This move has generated interest within the industry, showcasing the firm’s ambition to expand its reach and capabilities.

Advisors to the Transaction

Capstone Partners served as the sole financial advisor for this significant transaction, while Levenfeld Pearlstein provided legal counsel to PKF O'Connor Davies. Investcorp was advised by Gibson Dunn, and Weil, Gotshal & Manges represented PSP Investments, ensuring robust guidance through this process.

About PKF O'Connor Davies

PKF O'Connor Davies stands as a top-tier accounting, tax, and advisory practice, part of a global network under PKF Global. With a rich history serving domestic and international clients alike, the firm exemplifies a commitment to quality and service. It embodies the philosophy of "Know Greater Value," reflecting the level of insight and support clients gain through their collaboration. The brand encompasses both PKF O'Connor Davies LLP, which provides attest services, and PKF O'Connor Davies Advisory LLC focusing on advisory and tax solutions.

About Investcorp and PSP Investments

Investcorp, a premier global investment manager focusing on alternative investments, operates across four asset classes: Private Equity, Real Assets, Credit, and Liquid Strategies. Since its inception in 1982, the firm has been committed to generating attractive returns and creating long-term value for portfolio companies. Similarly, PSP Investments is a key player as one of Canada’s largest pension investors, managing a diversified global portfolio across various sectors. Their expertise and resources align perfectly with PKF O'Connor Davies' strategic vision.

Frequently Asked Questions

What is the significance of the investment for PKF O'Connor Davies?

The investment is set to enhance PKFOD's competitiveness, flexibility for M&A, and investment in advanced technology.

Who are the primary investors in this transaction?

The primary investors are Investcorp and PSP Investments, both well-established in the global investment sector.

What will PKF O'Connor Davies continue to offer?

PKF O'Connor Davies will continue to deliver attest services through PKF O'Connor Davies LLP and provide tax and advisory services through its advisory arm.

How will the investment affect PKF O'Connor Davies’ operations?

The investment aims to expand service offerings, improve client experience, and enable financial growth through acquisitions and new technology.

Are there any details about the terms of the investment?

The specific terms of the transaction have not been disclosed, but it has received regulatory approval.

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