Goldman Sachs Alternatives acquires AAB, a professional services firm, expecting accelerated growth with investment.

From Yahoo Finance: 2025-07-02 11:55:00

Goldman Sachs Alternatives has acquired professional services firm AAB from August Equity pending regulatory approval, expected in 2025. AAB specializes in accounting, taxation, auditing, corporate finance, HR, payroll, and wealth advisory, reaching £100m ($135m) in revenue by January 2025. Under August Equity, AAB grew threefold, acquired 16 businesses, expanded across the UK and Ireland, and increased its workforce to over 1,000 employees.

AAB, with a “diversified” service range, anticipates accelerated growth with Goldman Sachs’ investment, focusing on technology, AI, and automation capabilities. Advisors for the deal included William Blair, Alantra, OC&C, PwC, and Addleshaw Goddard for AAB and August Equity, while Goldman Sachs was advised by Houlihan Lokey, Linklaters, EY Parthenon, and EY.

CEO Emma Lancaster praised August Equity for transformative support, enabling growth, talent investment, and service expansion. With Goldman Sachs Alternatives as the new private equity partner, AAB aims to deliver long-term value to clients and accelerate growth with strong backing.



Read more at Yahoo Finance: Goldman Sachs Alternatives agrees to acquire AAB