Buy & Build in a Regulated Environment – What Private Equity Needs to Know Now
The German market for audit and tax advisory firms is fragmented, high-margin, and increasingly attracting interest from private equity investors pursuing buy-and-build strategies. The parallels to consolidation trends in the healthcare sector – particularly involving outpatient service providers and laboratories – are striking: pressure to professionalize, succession challenges, and new regulatory openings are making the sector investable, though not readily accessible.