Alantra advises August Equity on the sale of AAB to Goldman Sachs Alternatives

Nov 2025

Sell-side advisory

London – Alantra has advised August Equity LLP (“August”), a leading UK private equity investor, on the sale of AAB Group (“AAB”), one of the UK’s fastest-growing professional services firms, to Goldman Sachs Alternatives. The transaction is subject to regulatory approval and is expected to close in 2025.

August Equity is a UK-based private equity firm focused on backing ambitious, high-growth businesses in essential service sectors, including healthcare, tech-enabled services, and professional services.

Founded in 1990, AAB provides a comprehensive suite of accounting, tax, audit, corporate finance, payroll, HR, and wealth advisory services to businesses and individuals across the UK and Ireland. Since August’s investment in 2021, AAB has scaled rapidly, tripling in size and completing 16 strategic acquisitions. The firm reached £100 million in annual revenue in January 2025 and now employs more than 1,000 professionals.

Goldman Sachs Alternatives, one of the world’s leading investment platforms, brings deep experience in supporting growth-focused businesses. Its investment in AAB will enable continued expansion, with a focus on technology enablement and strategic M&A.

Richard Holden, Managing Director at Alantra, said: “Having originally advised August on its acquisition of AAB, it’s been a privilege to support the firm and its leadership team through a transformative growth journey. From strategic add-ons to long-term planning, this has been a multi-year partnership built on trust, alignment, and ambition. We’re proud to have delivered a strong outcome in this milestone transaction.”

The transaction marks a significant milestone for AAB, enabling the firm to continue its growth trajectory with the backing of a global investment platform. It also represents another successful realization for August Equity, reinforcing its strong track record in the professional services space.

Alantra has supported August and AAB throughout their multi-year partnership, advising on the original investment and working closely with the business as it scaled. This included strategic support on M&A pipeline development, partner incentivization, and alignment. This transaction underscores Alantra’s strength in advising on complex, multi-stage processes across the professional services sector.