MHA signs agreement to acquire MS UAE for $9.8m

Core Viewpoint - MHA, a UK member of Baker Tilly International, has agreed to acquire MS UAE for a total consideration of £7.4 million ($9.8 million) to enhance its international reach and target cross-border growth opportunities [1][4]. Group 1: Acquisition Details - The acquisition of MS UAE includes both Moore Stephens and Moore Stephens Consulting, which are well-established firms providing audit, tax, and advisory services across various sectors [2][5]. - The transaction is expected to be earnings enhancing within the first full financial year post-completion, with MS UAE projected to generate revenue of £6.5 million for the year ending December 31, 2025 [3]. Group 2: Company Background - MS UAE was founded in 1999 and operates from its headquarters in Dubai, with additional offices in Abu Dhabi and other key locations, authorized to deliver services throughout major free zones in the UAE [2]. - The firm is led by managing partner Farad Lakdawala and has a workforce of 95 employees, with three partners expected to continue with MHA after the acquisition [3]. Group 3: Strategic Intent - MHA's CEO, Rakesh Shaunak, emphasized that strategic M&A is crucial for the company's growth aspirations, positioning the acquisition as a step towards building a larger organization and enhancing client service [4][5].