Blick Rothenberg, a leading provider of accounting, audit and tax services based in the United Kingdom, has announced today an investment by HgCapital, which will sit within HgCapital’s Services sector. The terms of the transaction were not disclosed.
Founded in 1945 and headquartered in London, Blick Rothenberg is a leading firm of chartered accountants combining the experience and expertise of a large organisation with the approachability of a smaller personal advisor. The firm now has 24 partners and over 200 staff.
Bob Rothenberg, Senior Partner at Blick Rothenberg, commented: “As a firm, we aim to be at the forefront of delivering a first class service to our wide variety of clients, UK and International, personal and corporate. The way that we work with our clients, taking time both to understand their financial affairs and their businesses, as well as developing close relationships with them, is key to our success. Our culture in caring and guiding our team, alongside an environment where they can develop and flourish, is a major contributor to our practice and client relationships. The investment by HgCapital will allow us to further build on this philosophy as well as allowing Blick Rothenberg to continue to grow together with our clients, both big and small, by meeting their increasing financial, tax and regulatory needs. I look forward to the next stage of development for our firm.”
HgCapital has followed Blick Rothenberg closely for more than three years, and this investment is in line with HgCapital’s proven, sector-focused approach of investing in leading regulatory-driven businesses in and around the accounting and tax compliance space. The Firm demonstrates many of the business model characteristics that HgCapital looks for, including strong client loyalty, high levels of recurring revenue, and high cash flow generation.
“We are absolutely delighted to have invested in Blick Rothenberg,” said Matt Rourke, Partner and Head of the HgCapital Services team. “We have followed the business for a number of years and have always been attracted by the strength of Blick Rothenberg’s position in its market, as well as the culture and the quality of its people. We look forward to supporting Bob and the rest of his executive team to continue to grow the business and deliver great levels of client service.”