Addleshaw Goddard's Professional Practices team has advised independent accounting and consulting network, Moore Stephens LLP on its merger with mid-tier accountants Chantrey Vellacott DFK LLP.
The merger, which will complete on 1 May 2015, will see the consolidated firm operate under the Moore Stephens name and brand. Current Moore Stephens managing partner Simon Gallagher will lead the amalgamated firm, with Richard Moore remaining as senior partner. Chantrey Vellacott’s managing partner Mike Tovey will be joining the firm’s Partnership Executive Committee.
The AG team was led by partner Aster Crawshaw alongside associates Laura Dauny, Shasicca Nava and Patrick Peake.
Aster Crawshaw, partner at AG stated: "The merger of Moore Stephens and Chantrey Vellacott is a significant transaction for the accounting sector and we are delighted to have had the opportunity to advise Moore Stephens. We look forward to seeing the continued success of the consolidated firm."
Simon Gallagher, Managing Partner of Moore Stephens, commented: “The merger provides a platform for continued, sustainable growth. There are real synergies, not just in terms of the services and sectors but a coming together of similar philosophies and values to form a strong combined firm.”
AG's Professional Practices Group has seen growth in key transactions across the accounting, legal and real estate advising sectors. AG is top ranked by both Legal 500 and Chambers & Partners for its work.