Deal Details

Andersen Completes $202.4 Million Initial Public Offering

Technology & Services

Andersen initial public offering

Summary

Andersen Group Inc. (“Andersen”) (NYSE: ANDG), a leading provider of independent tax, valuation and financial advisory services to individuals and family offices, businesses and funds in the United States, recently completed the closing of its initial public offering of 12,650,000 Class A common stock, including 1,650,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $16.00 per share, generating gross proceeds of $202.4 million (the “Offering”). Andersen intends to use the net proceeds that it receives from the Offering to fund certain offering and reorganization expenses and for other general corporate purposes, including investments in technology, infrastructure and training and potential strategic acquisitions or investments.

Baird served as a bookrunner on this Offering.

About

Andersen is a leading provider of independent tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds in the United States. Andersen’s differentiated approach to client service is rooted in core values that emphasize stewardship, transparency and the seamless delivery of independent, high-quality service. Worldwide, Andersen’s presence spans more than 180 countries through its global platform of member and collaborating firms delivering tax, legal, valuation and consulting services across more than 1,000 locations with over 3,000 partners and 50,000 professionals. Andersen is headquartered in San Francisco, California.