MHA signs agreement to acquire MS UAE for $9.8m

MHA, the UK subordinate of Baker Tilly International, has agreed to get Moore Stephens and Moore Stephens Consulting, collectively known arsenic MS UAE.

MHA anticipates paying full information of £7.4m ($9.8m) nether the presumption of the agreement.

The acquisition is intended to enactment MHA’s purpose of broadening its planetary scope by targeting selected cross-border maturation opportunities.

MS UAE was founded successful 1999 and delivers audit, tax, and advisory services to clients successful sectors including fiscal services, manufacturing, existent estate, construction, logistics, lipid and gas, trading groups and assorted authorities agencies.

The firm’s office are successful Dubai with further offices successful Abu Dhabi, Abu Dhabi Global Market, Sharjah, Jebel Ali Free Zone and Hamriyah Free Zone.

It is authorised to present nonrecreational services passim each large escaped zones successful the UAE.

Both Moore Stephens entities volition modulation to the MHA marque aft the transaction.

MS UAE is headed by managing spouse Farad Lakdawala and includes a full of 3 partners.

These partners are expected to proceed with MHA erstwhile the woody concludes.

MS UAE workforce stands astatine 95 employees with projected gross for the twelvemonth ending 31 December 2025 estimated astatine £6.5m.

If completed arsenic planned, the transaction is anticipated to beryllium net enhancing wrong the archetypal afloat fiscal twelvemonth post-completion.

MHA volition supply further updates erstwhile the acquisition process concludes.

MHA CEO Rakesh Shaunak said: "Strategic M&A continues to beryllium a cardinal enabler of our maturation aspirations.

“Following the acquisition of BTSEE, the intended acquisition of MS UAE is different measurement guardant successful gathering a larger organisation and an planetary level that enhances lawsuit service, strengthens our assemblage capabilities and creates opportunities for our people.

“MS UAE is simply a high-quality, well-established signifier with beardown taste alignment, and we look guardant to updating the marketplace arsenic we advancement toward completion."

"MHA signs statement to get MS UAE for $9.8m" was primitively created and published by International Accounting Bulletin, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.