Capstone Partners advised PKF O’Connor Davies—a leading accounting and advisory practice—on a strategic growth investment from Investcorp and PSP Investments.
Headquartered in Harrison, NY, PKF O’Connor specializes in accounting, tax, and advisory services and is a member of PKF Global, a global network of accountancy firms. PKF O’Connor Davies is the brand name under which PKF O’Connor Davies LLP and PKF O’Connor Davies Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. PKF O’Connor Davies LLP, a licensed CPA firm, provides attest services and PKF O’Connor Davies Advisory LLC and its subsidiary entities provide tax and advisory services. For further information, visit: pkfod.com.
Capstone provided hands-on guidance throughout the transaction process and made a concerted effort to build a customized process designed to help us achieve an outcome above our expectations with two best-in-class partners. Capstone’s history as an entrepreneurial firm was extremely relevant as we navigated our own process.
This investment will elevate the Firm’s competitive advantage and long-term sustainability. The strengthened balance sheet provides flexibility for increased M&A activity as well as investing in cutting-edge technology and new service lines. Going forward, PKF O’Connor Davies will continue to operate in its existing alternative practice structure in accordance with applicable professional standards.
John Ferrara, Founder & President at Capstone Partners, commented, “The transaction is a testament to the strength of PKF O’Connor Davies and its employees. Kevin and team will be great partners to Investcorp and PSP, and we look forward to their continued success as PKFOD continues to scale as a leading accounting and advisory provider”.
“As ownership rules in the sector have evolved, we have been seeking the right platform to back. We were instantly impressed by PKFOD’s leadership team and the exceptional track record of financial performance. Providing the Firm with additional resources will help accelerate growth and enhance its competitive position in the accounting, tax and advisory verticals,” added Vitali Bourchtein, Principal at Investcorp.
Founded in 1982, Investcorp is a global investment manager specializing in alternative investments across four asset classes: Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). Today, Investcorp manages $52 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally. For further information, visit investcorp.com.
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $264.9 billion of net assets under management as of March 31, 2024. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com.
The expert investment banking professionals on Capstone Partners’ Business Services and Capital Advisory Team teams work with leading middle market companies operating in the Accounting Services market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Accounting Services Banking Team, contact us here.
