MHA has entered into an initial agreement for the acquisition of Baker Tilly South East Europe (BTSEE), for €24m (£20.4m). The firm has 16 offices in Cyprus, Greece, Bulgaria, Romania and Moldova. The transaction value will be confirmed after ‘completion of final due diligence’.

It has been less than a month since MHA listed on AIM raising £98m, the largest AIM IPO in the business support services sector for five years. It is now aiming for a top 10 firms ranking.

Baker Tilly South East Europe recorded a turnover for the year ended 31 December 2024 after partner remuneration of €29.03m according to the Baker Tilly SEE Transparency Report, up from €23.62m in FY23.

The audit revenue accounted for €22.07m for FY24 and the firm has 13 partners and 400 staff based across the five countries.