MHA Expands Middle East Footprint with Acquisition of UAE Firm MS UAE

MHA Plc ( (GB:MHA) ) just unveiled an update.

MHA plc has agreed to acquire UAE-based Moore Stephens LLC and Moore Stephens Consulting LLC, collectively known as MS UAE, in a move that extends its international reach into one of the Middle East’s leading professional accounting markets. MS UAE, established in 1999 and operating from Dubai with multiple branches across key free zones, will rebrand to MHA, bringing 95 employees and three partners under the group’s financial and management systems and adding projected 2025 revenues of about AED 31.8m and transactional EBITDA of AED 5.1m. The total consideration of AED 36m will be paid half in cash and half in new MHA shares, subject to customary adjustments, with completion dependent on UAE regulatory approval and the share component subject to lock-in and clawback terms similar to previous deals. Management positions the transaction, which is expected to be earnings enhancing in its first full year, as part of a broader cross-border M&A strategy following the acquisition of Baker Tilly South-East Europe, strengthening MHA’s sector capabilities and giving it a stronger foothold in a strategically important market that serves as a trade and investment hub and gateway to Asia and Africa.

More about MHA Plc

MHA plc is a UK-based professional services firm providing audit and assurance, tax, accountancy and advisory services, with an expanding international footprint. Founded in 1869, the group now employs nearly 2,200 people and 153 partners across 30 offices in the UK, Ireland, South-East Europe and the Cayman Islands, and serves as the representative of the Baker Tilly International network in several European jurisdictions.

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Technical Sentiment Signal: Strong Buy

Current Market Cap: £403.5M

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