Admission: MHA plc
Founded in 1869, MHA plc (MHA) is a leading professional services provider of audit and assurance, tax, accountancy and advisory services, based in the UK with an international presence. MHA employs more than 1,800 people and has 160 Partners, across its network of 23 offices, mostly in the UK as well as in Ireland and the Cayman Islands.
MHA has grown organically and through strategic acquisitions to become the UK’s 13ᵗʰ largest accountancy firm by revenue in 2023. MHA was also the joint-fastest growing UK accountancy firm that year out of the top 20 largest firms with a medium-term aspiration to become a top 10 UK accounting and professional services business, generating in excess of £500 million annualised revenue.
The net placing proceeds will be used to invest in technology to accelerate growth, including AI, driving efficiencies within data collection and analysis and to support further bolt-on acquisition opportunities.
Crowe's role and team
Crowe acted as reporting accountant on the transaction. Our capital markets team was led by Mitesh Patelia, supported by Will Smith, Nathan Crawford, James Leyton, Monty Cann, Tom Bui, Paddy Milton and Alice Berendt.
Client quote
"This is an exciting day for our firm, our people and we believe a welcome one for the London market. The IPO has given our people a real stake in the future of our business and the control of our strategic destiny. We valued the assistance of the capital markets team at Crowe in helping us with our successful IPO. They were a pleasure to work with and we appreciated their professional and efficient approach. This marks an important and exciting chapter for MHA, and we look forward to working closely with Crowe in the future."
Rakesh Shaunak, Chief Executive Officer, MHA plc
