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Category: tax

Cinven seals $720m TaxAct buyout to combine with portfolio business Drake Software

Private equity major Cinven has agreed a $720m buyout of TaxAct, which will be merged with the firm's existing portfolio business Drake Software. The post Cinven seals $720m TaxAct buyout to combine with portfolio business

After two years of bolt-ons, Align Capital has sold WilliamsMarston to Kelso & Co

Align Capital Partners has scored a rapid exit of accounting and tax services business WilliamsMarston after just two years in its portfolio. The post After two years of bolt-ons, Align Capital has sold WilliamsMarston to

Vista agrees $8.4bn Avalara buyout at huge discount to last year’s share price

Vista Equity Partners has agreed an $8.4bn take-private dealf for tax compliance automation business Avalara. The post Vista agrees $8.4bn Avalara buyout at huge discount to last year’s share price first appeared on AltAssets Private

Ardian looks to expand cloud tax compliance business Taxually after huge 2021 growth

Global investment giant Ardian has bought a minority stake in Taxually, a cloud-native tax compliance software company formed by a trio of ex-KPMG execs. The post Ardian looks to expand cloud tax compliance business Taxually

US could lose 4.9m jobs in five years if carried interest tax hike goes ahead, lobby group US Chamber of Commerce claims

The US Chamber of Commerce has come out swinging against government plans to potentially almost double the carried interest tax rate, which would hit private equity and other alternative assets firms. The post US could

London tech scene business support provider Jeffreys Henry follows Covid boom with investment from Tenzing

UK-based private equity house Tenzing has backed London tech scene audit, tax and business support services provider Jeffreys Henry.

Cinven leverages Visma success to back US professional tax prep software business Drake

Global private equity major Cinven has agreed to back professional tax preparation software business Drake Software.

Vista co-founder Sheth resigns after 20 years in wake of Robert Smith tax fraud

Vista Equity Partners co-founder Brian Sheth has resigned after two decades with the firm in the wake of firm founder Robert Smith's admission of a 15-year tax fraud.

BlackRock to pay $1.05bn to buy Aperio Group from Golden Gate Capital

BlackRock has agreed to pay $1.05bn to buy research-based investment management business Aperio Group from Golden Gate Capital after just two years in the latter's portfolio.

Billionaire Vista Equity founder Smith to pay $139m after admitting 15-year tax fraud, avoids prosecution

The billionaire founder of private equity major Vista Equity Partners, Robert Smith, has avoided indictment for tax fraud by the US Department of Justice after agreeing to pay $139m and to co-operate with a government

Private equity carried interest could see UK tax hike after chancellor announces capital gains tax investigation

Private equity executives raking in hefty amounts in carried interest could be in line for a tax hike after the UK chancellor Rishi Sunak announced an investigation into the country's current capital gains tax system.

Hg buys into cloud accountancy platform Silverfin amid rising demand for services

European private equity investor Hg has led a "significant" Series B round for cloud accountancy platform Silverfin.

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