TowerBrook Capital Partners invests in EisnerAmper

04 August 2021 2 min. read

Private equity firm TowerBrook Capital Partners has made a “significant investment” in EisnerAmper, a New York-based accounting and consulting firm.

As part of the investment, for which financial terms were not disclosed, EisnerAmper will bisect into EisnerAmper LLP, a CPA firm that will provide attest services, and Eisner Advisory Group, which will offer business advisory and non-attest services.

TowerBrook’s capital infusion will help EisnerAmper drive growth in new service offerings as well as in talent and technology. This will include strategic expansion via organic growth and targeted M&A, according to a release from EisnerAmper.

“Rather than conforming to traditional frameworks, adopting a new model of ownership facilitates the best structure for the Firm to drive growth and innovative solutions to our clients,” said Charly Weinstein, CEO of EisnerAmper, in a press release.TowerBrook Capital Partners invests in EisnerAmper “Recently we’ve acquired compensation consulting firms, managed technology services firms, and cyber consulting firms, and we think that we’ll be able to use these additional resources to accelerate even more of those opportunities for the firm,” Weinstein told Accounting Today.

EisnerAmper’s 200+ partners unanimously approved the deal. Deutsche Bank Securities acted as financial advisor to the consulting firm, which has approximately 2,000 employees across over a dozen offices in the US and international locations in the Cayman Islands, the UK, Israel, and India.

Private equity doesn’t typically invest in CPA firms, instead opting for consultancies with a technology bent. EisnerAmper does, however, have a technology consulting business that can be scaled to capitalize on growing enterprise demand in the area.

“We look forward to working with Charly and the partnership at EisnerAmper to continue to grow their platform through strategic M&A and further investments in technology to support their client base," added Walter Weil, managing director at TowerBrook.

Co-headquartered in London and New York, TowerBrook in 2005 spun off from George Soros’ equity management firm, Soros Fund Management LLC. The firm has $13.7 billion in assets under management, and primarily targets control-oriented investments in large and mid-market companies.