Moore Kingston Smith LLP expands into Ireland following private equity funding
Top 10 UK accountancy firm Moore Kingston Smith LLP has bolstered its international reach with the acquisition of leading Irish accountancy firm Moore, following investment from European Private Equity (PE) firm, Waterland.
As the firm’s first strategic investment since completing its PE investment on 30 June, the partnership with Moore in Ireland will significantly strengthen Moore Kingston Smith’s ability to provide comprehensive support to its growing client base with international interests. This acquisition opens the door to further expansion in Ireland as part of the firm’s ongoing growth and thought leadership strategy.
Maureen Penfold, managing partner of Moore Kingston Smith, comments: “Ireland represents a stepping-stone for companies across the globe wanting to do business in Europe and needing an English-speaking base to help them do so. Joining forces with Moore in Ireland makes us ideally positioned to provide clients with the direct access and frictionless trade across Europe they need in a post-Brexit world.”
Moore has offices in Cork and Dublin, with 11 partners and 135 people providing an array of accountancy and advisory services to clients across a range of business sectors in Ireland. A fellow member firm of the Moore Global network, along with Moore Kingston Smith, the two firms already share significant alignment in their vision and culture, with this partnership set to enhance the firm’s client offerings on both sides of the Irish Sea.
Ned Murphy, managing partner of Moore, says: “Joining Moore Kingston Smith, backed by Waterland, is a transformational development for Moore in Ireland. The partnership will secure our growth strategy, and provide the funds we need to make investments in strategic acquisitions in the Irish marketplace, as well as in infrastructure and people.”
