Ryan To Receive New Investment From Ares Management valuing the Company at $2.5bn

May 27, 2022 | News

Ryan and Onex Corporation announced today a private equity fund managed by Ares Management Corporation has committed to acquiring a significant minority equity interest in Ryan, valuing the Company at $2.5bn.

The investment was made in partnership with Ryan’s management team and the Company’s existing investor Onex Partners, Onex’ flagship private equity platform, who will retain a significant minority equity interest in Ryan. This combined partnership will drive the next stage of growth for the Company.

Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multidisciplinary team of more than 3,500 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the world’s most prominent companies.

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“Ares is an excellent partner for our firm due to their experience helping great companies drive technology transformations and long-term growth,” said G. Brint Ryan, Chairman and Chief Executive Officer of Ryan. “We have been on a growth trajectory with recent strategic acquisitions, expansions of several key practice areas, and the addition of some of the world’s most respected companies to our already impressive client roster. With the backing of Ares and Onex, we’ll continue this momentum and increase value to our clients and team members around the world as we build the global brand in tax.”

“Ryan is a culture-driven, growth-oriented sector leader in the tax advisory and software industry,” said Abraham Zilkha, Partner in the Ares Private Equity Group. “We are thrilled to have the opportunity to partner with the Ryan team and with Onex, and we look forward to leveraging the breadth of our global platform to help support Ryan’s continued growth.”

“When we invested in Ryan almost four years ago, the firm’s strong track record, client-centric approach, and winning culture were very clear,” said Amir Motamedi, a Managing Director at Onex Partners. “Since then, Ryan has continued to strengthen its market position by focusing on the needs of its clients and well-being of its team members. We believe the best is yet to come, and we’re delighted to welcome Ares as our new partner.”

The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.

This news release may contain forward-looking statements that are based on Ares, Ryan, and Onex management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Ares, Ryan, and Onex are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Source: Yahoo Finance

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