Baker Tilly in talks to buy RSM Tenon

clock

RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.

In a notice to investors, the board said it had been in discussions with Baker Tilly UK Holdings and this "may or may not" lead to an offer for the entire issue share capital of the company. It added RSM Tenon had been supplying information to Baker Tilly to help them evaluate the potential investment. A stock exchange announcement said: "Given the level of debt within the company, any potential transaction would require the support of its sole lender, Lloyds Banking Group. "As a consequence, the board considers that, if an offer is made, it is likely to be at a level which is sign...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read