Claritas Tax are delighted to have been involved in an international deal, advising the partners of THM Partners LLP on the sale of the independent restructuring practice to AlixPartners, the global consulting firm.
The transaction will further bolster AlixPartners’ world-renowned restructuring practice. It will see THM’s 40 partners and staff located across UK, Germany and Singapore joining AlixPartners.
The Claritas Tax team was led by Associate Partner Ses Memhi, supported by Iain Wright, Katie Edwards, Rachael Brown, Richard Smith and Russell Bennett.
Founded in 2001, THM specialises in solving the unique problems of companies facing financial challenges through its CRO and Value Delivery service lines.
AlixPartners is a global consulting firm, headquartered in New York, that specialises in helping businesses successfully address their most complex and critical challenges.
Commenting on the deal, Fraser Brown, Partner, at THM Partners, said: “This was a particularly challenging transaction from a tax perspective and Claritas’ insight and advice was invaluable throughout. Their technical knowledge, commercial acumen and ability to integrate advice from overseas jurisdictions was key to getting the deal across the line.”
Ses Memhi, Head of Transactions Tax at Claritas Tax, added: “It is not very often you deal with the sale of an LLP to a purchaser who is also an LLP, with businesses in multiple jurisdictions. This certainly made the deal much more interesting. What we enjoyed most was working with very knowledgeable and talented Partners, who led from the front and exemplified tremendous leadership and support throughout the whole deal process. Therefore, it was a pleasure to work with Fraser Brown, Ed Wildblood and all stakeholders of THM on this deal.
This is a significant milestone for THM and AlixPartners. Their global reach and brand recognition will, I’m sure, lead to a fruitful and very successful partnership. We wish all parties lots of luck for the future.
Special mention goes to Katie Edwards who was also fantastic on this deal.”
