Company Overview - Medline is a major player in the healthcare industry, founded in 1966, providing medical-surgical products and supply chain solutions across various points of care [3] - The company offers over 335,000 products under various brand names, employing over 43,000 people and operating more than 29 million square feet of warehousing [2] IPO Details - Medline's IPO occurred on December 17, 2025, raising gross proceeds of $6.26 billion by selling 216,034,482 shares at $29 each, marking it as the largest IPO of 2025 [1] - The underwriters exercised their option to purchase an additional 32,405,172 shares, resulting in a market capitalization of approximately $34 billion [1] Market Performance and Analyst Ratings - Morgan Stanley's analyst Patrick Wood views Medline as a solid investment due to its position as the largest medical supply distributor in the U.S. market, with a unique business model and significant scale [8] - The stock has a Strong Buy consensus rating based on 26 reviews, with 22 Buys and 4 Holds, currently priced at $43.41, and an average target price of $47.24, indicating a potential 9% gain in the next 12 months [8] Industry Context - The U.S. IPO market has shown signs of revival, with 342 companies going public by mid-December 2025, representing a 57% increase year over year, and aggregate proceeds exceeding $75 billion, approximately 80% higher than the previous year [6] - Cooling inflation and the Federal Reserve's shift toward interest-rate easing have improved equity market conditions, making stocks more attractive [5]

US-based assurance, tax and advisory practice Doeren Mayhew has acquired Gerald Stinnett CPA, an accounting practice based in the state of Georgia. Founded in 1983, Gerald Stinnett CPA provides tax, accounting and consulting services to clients across both for-profit and non-profit sectors. Following the deal, founder Gerald Stinnett and his team have transferred their operations to Doeren Mayhew’s Metro Atlanta office. Stinnett said: “We are excited to offer our valued clients with an expanded scope o ...

US-headquartered accounting, tax and advisory practice SAX has acquired Scheidel, Sullivan & Lanni CPA (SSL) and Sierra Financial Advisors (Sierra) for an undisclosed sum. Under the deal, Sierra Financial Advisors, the company’s wealth management arm, has moved into SAX Wealth Advisors, a wholly owned subsidiary of SAX. The combination aims to expand SAX’s existing offering across tax, accounting, advisory and wealth management services. SSL offers long-standing experience and a partner-led service mod ...

周四，Andersen Group(ANDG.US)登陆美股市场，截至发稿，该股涨超30%，报20.87美元。IPO价格为 16美元。该集团由前安达信会计师事务所的领导团队及合伙人于2002年创立，为个人、家族办公室、企 业和机构客户提供独立的税务、估值及财务顾问服务。截至2025年9月30日，集团已为美国超过11900家 客户群体提供服务。 ...

The listing provides Andersen with greater access to capital markets to support its expansion across existing service offerings, including tax, valuation and consulting, and new service offerings, such as legal services. "Going public is not just a financial milestone — it's a commitment to our culture, stewardship and transparency,†added Dan DePaoli, U.S. Country Managing Director. "We are proud to join the ranks of global public companies and to bring Andersen's client-focused model to an even wider stage ...

Company Overview - Andersen Group is targeting a valuation of up to $1.75 billion in its initial public offering (IPO) in the US [1] - The company filed a registration statement with the US Securities and Exchange Commission (SEC) in September 2025 to list its shares on the New York Stock Exchange (NYSE) under the symbol ANDG [1] - The IPO aims to offer 11 million shares at an estimated price range between $14 and $16 per share, with the goal of raising up to $176 million [1] Underwriting and Management - A thirty-day option will be available for underwriters to buy as many as 1,650,000 additional shares at the IPO price, excluding underwriting fees and commissions [2] - Morgan Stanley and UBS Investment Bank have been appointed as lead book-running managers for this offering [2] - Deutsche Bank Securities, Truist Securities, and Wells Fargo Securities are also involved as book-running managers, while Baird and William Blair are listed as additional book-running managers [2] Business Operations - Andersen Group operates in the US with a focus on tax, valuation, and financial advisory services for individuals, family offices, business entities, and alternative investment funds [3] - The company's network extends internationally through member and collaborating firms delivering tax, legal, valuation, and consulting services in more than 180 countries at over 1,000 sites, employing upwards of 3,000 partners and 50,000 staff [3] Historical Context - The firm's background is linked to the closure of Arthur Andersen in 2002 following its involvement with Enron, which was convicted of obstruction of justice related to the Enron case, although this conviction was later overturned by the Supreme Court [4] - After Arthur Andersen ceased operations, HSBC acquired a portion of its tax division through Wealth & Tax Advisory Services (WTAS), which subsequently separated from HSBC in a management buyout before adopting the Andersen Tax name in 2014 [4] - This rebranding marked the start of what is now known as Andersen Group [5]

Core Insights - Azets has increased its accountancy graduate recruitment by 15%, hiring 384 graduates and school leavers in the UK, despite many firms in the sector reducing entry-level roles [1][3] - The company aims to use AI to enhance the work of junior staff rather than replace them, allowing new hires to focus on advisory roles while automating routine compliance tasks [3][4] - Azets completed the acquisition of Ensors, a chartered accountancy business, earlier in 2025, expanding its service portfolio [4][5] Regional Breakdown - The new graduate intake is distributed regionally, with 70% in the South and North East & Yorkshire, 64% in Central & West, 55% in Scotland, 46% in National Service Lines, and 40% in the North West [2] Strategic Vision - The CEO of Azets emphasized the importance of investing in graduate recruitment to prepare for future client demands and to ensure the growth of the business and the sector [3] - By automating routine tasks, Azets enables new staff to learn valuable advisory skills and progress more quickly in their careers, ultimately adding greater value to client businesses [4]

Core Insights - Wealth Enhancement has acquired Wise Wealth, marking its 100th acquisition and increasing its total client assets to over $125 billion [1][3] - Wise Wealth brings $464 million in client assets, enhancing Wealth Enhancement's portfolio [1] - The acquisition allows Wealth Enhancement to expand its service offerings and resources for clients [4] Company Overview - Wise Wealth, founded in 2007, operates in the greater Kansas City area with offices in Lee's Summit, Rolla, and Liberty [2] - The firm has a team of six advisers and six support staff, led by president and founder Stephen Stricklin [2] - Wise Wealth specializes in tax, financial, legacy planning, investment management, and retirement planning, primarily targeting retirees and those nearing retirement [2] Leadership and Future Plans - Stephen Stricklin will continue to lead the Wise Wealth team post-acquisition [3] - The partnership aims to enhance the mission of helping clients "give, serve, and enjoy life" as part of the GSEL Team at Wealth Enhancement [3] - Wealth Enhancement's chief strategy officer emphasized the benefits of additional resources for the Wise Wealth team to better serve clients [4]

Company Overview - CBIZ, Inc. (CBZ) is an American company that offers a variety of professional services including accounting, tax, advisory, benefits, and insurance [1] Target Market - The company primarily serves middle-market businesses that require integrated and expert services [1]

Core Insights - Dains Group has acquired Curo, a UK-based firm specializing in audit, tax, accounting, and advisory services, marking its fourth acquisition since receiving backing from IK Partners [1][2] Company Overview - Curo was founded in 2005 by Anna Madden and Julia Gallagher and has built a diverse client base, serving both UK and international clients [1] - The existing team at Curo will continue operations in Bromsgrove, led by co-founders Madden and Gallagher [3] Strategic Intent - The acquisition aims to enhance Dains Group's capabilities in delivering complex audits and cross-border tax work while maintaining a personal approach to client service [4] - Dains Group's CEO Richard McNeilly emphasized that Curo's reputation for technical excellence and strong client relationships aligns well with Dains' strengths [3][4] Advisory and Support - Dains received advisory services from DSW, PDW, Cyber Crowd, and Mercia for due diligence, while Curo was guided by Transcend Corporate for corporate finance and Shakespeare Martineau for legal matters [3]