Cardiff headquartered corporate advisory group GS Verde is under new ownership.
The firm, which also has offices in Bristol, Cheltenham and Dublin, has been acquired by professional services firm AAB. The value of the deal has not been disclosed.
GS Verde provides legal to corporate advisory expertise acting on deals including management buyouts and mergers and acquisitions.
The management team of GS Verde, which employs more than 50, are remaining follow the deal which takes AAB’s revenues to £135m. It is its first acquisition following the recent investment by Goldman Sachs Alternatives to support AAB’s accelerate growth plans across the Ƶ and Ireland.
It also propels AAB into the top five of Ƶ dealmakers, based on the latest available data from Experian for the first half of this year. GS Verde will continue to operate under its existing brand before transitioning to AAB in due course.
Nigel Greenaway, chief executive of GS Verde, said: “Joining AAB marks the next exciting step in our journey. We’ve built a business that challenges the traditional professional services model, and partnering with AAB allows us to accelerate that ambition. Our clients and our people will continue as before - but with the backing of a Group that shares our vision for innovation, growth, and exceptional client service.”
Emma Lancaster, chief executive of AAB said: “GS Verde’s entrepreneurial DNA and multi-discipline offering mirror our own approach and make this an incredibly strong growth opportunity for both teams. Together, we achieve top 5 deal making status while creating a key regional hub that creates our presence in Wales and the South West supporting clients with even greater depth and expertise.”
AAB now employs over 1,100 people across 17 locations in the Ƶ and Ireland. It said it has a number of further acquisitions in the pipeline.
