junio 2023
UK & Ireland, > £500m

Liberty advises the management team of Azets on its new investment from PAI Partners

Liberty 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 (“PAI”).

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.

Azets is now backed by two leading private equity investors: PAI, with its deep sector expertise in Business Services, and Hg, with its longstanding heritage in software and services investing.  With this support, Azets is well placed to continue its successful growth strategy, deepening its presence in new and existing markets across Europe through a combination of organic growth and further strategic M&A.

We are thrilled to have selected two investors who are as excited about our future as we are. We would like to thank the Liberty team for all their dedication and expertise throughout the transaction. Their experience in private equity management terms was invaluable in helping us to achieve a successful outcome.

Chris Horne
Group CEO of Azets

We have thoroughly enjoyed working with Chris and his team on this transaction. They have achieved a tremendous amount with Azets and we look forward to seeing them continue to grow the business both organically and through acquisition.

Tim Thomas
+44 (0) 7966 479556