Linklaters advises Baker Tilly on further consolidation

Linklaters has advised the Baker Tilly group on the expansion of the Baker Tilly Benelux platform through the addition of Baker Tilly Luxembourg. The transaction brings together 25 offices and approximately 1,500 professionals across Belgium, Luxembourg and the Netherlands, laying the foundation for a leading accountancy and advisory platform across the Benelux region.

As part of the transaction, the partners from Belgium, Luxembourg and the Netherlands will jointly invest in the Benelux platform. Inflexion, a leading European mid-market private equity investor, will continue as a minority shareholder.

Closing is expected in the fourth quarter of 2026, subject to approval from the Dutch Competition Authority (ACM). Financial details have not been disclosed.

An international, cross-practice Linklaters team advised the Baker Tilly group on all aspects of the transaction, including negotiating the transaction documentation, tax structuring, and regulatory compliance requirements.

The corporate team was led by Brussels-based partner An-Sofie Van Hootegem, together with managing associate Andreas Depoortere and associates Maxime Jacobs and Stan Cornelis. Tax partner Caroline Borgers and associate Jan Van Cauwenberghe advised on tax structuring. In Luxembourg, a team led by corporate partner Manfred Müller and managing associate Nathalie Zurel provided corporate and regulatory assistance.

Linklaters is a globally leading adviser supporting professional service firms on their most strategic and transformational projects. It had already advised Baker Tilly Belgium on its partnership with Baker Tilly Netherlands.