Potential Fundraise: GI Partners targets Not applicable for market

Market Context

MHA, a listed professional services group, has reported strong financial performance in its latest trading update. The firm’s first-half 2026 revenue is expected to jump around 13% from the same period last year, showcasing the success of its strategic initiatives. This news comes as the broader professional services sector has seen increased private equity investment, with MHA opting for a public listing instead.

Strategic Implications

MHA’s revenue growth has been driven by a combination of organic expansion and strategic acquisitions, including the integration of Baker Tilly South-East Europe Holdings and Baker Tilly Ireland. This diversification across geographies and service lines has enabled the firm to capitalize on robust demand in key sectors, such as financial services, manufacturing, and engineering and technology.

PE Angle

While the broader professional services industry has witnessed significant private equity investment, MHA has chosen to pursue a public listing strategy. This decision has allowed the firm to maintain greater control over its growth trajectory and strategic decision-making. The company’s strong financial performance and focus on innovation position it well to continue its expansion and potentially become one of the UK’s top 10 accounting and professional services businesses.

Key Takeaways

• MHA’s first-half 2026 revenue is expected to grow by around 13%, driven by a combination of organic expansion and strategic acquisitions.
• The firm’s diversification across geographies and service lines has enabled it to capitalize on robust demand in key sectors, such as financial services, manufacturing, and engineering and technology.
• MHA’s decision to pursue a public listing strategy, rather than private equity investment, has allowed it to maintain greater control over its growth trajectory and strategic decision-making.

Sources

• City AM – London