Travers Smith LLP has advised the management team of Azets Group ("Azets"), a leading provider of business-critical accounting, tax, payroll, audit and advisory services to SMEs, on the investment in Azets by PAI Partners. Following completion, PAI will hold an equal and co-controlling stake in Azets alongside current owners Hg.
Azets was formed by Hg six years ago, in response to the growing digitalisation of financial compliance processes for SMEs. Since then, the Group has grown significantly to become one of the largest tech-enabled providers of professional advisory, financial and accounting services to SMEs globally.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr and also included Senior Counsel Jessica Kolhorn, Associates Eilidh Morrison and Ollie Creamer and Trainee Joseph Gitata. Specialist tax advice was provided by Tax Partner Russell Warren and Senior Associate Hugh Brooks.
Liberty Corporate Finance acted as financial advisers to management.
