US accounting firm Eide Bailly has agreed to sell a majority stake to private equity firm Reverence Capital Partners in a deal valuing the business at around $1.8bn, as investor interest in the accounting and professional services sector continues to grow, according to a report by the Wall Street Journal.
Under the transaction, Reverence and co-investors will take control of the Minneapolis-based firm, which provides audit, tax and consulting services to mid-market clients. The deal is expected...
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