Often described as “Limburg’s best-kept secret”, Baat is a leading professional services firm supporting business owners across a broad range of disciplines, including accountancy, audit, tax, employment and corporate law, corporate finance, and a variety of advisory services. The firm employs 120 people, and the acquisition brings Baker Tilly’s combined revenue to €220 million. Baat is known for its entrepreneurial culture, close client relationships, and personal approach.
Baker Tilly is one of the 10 largest accountancy and consultancy networks in the world. Its Dutch and Belgian practice currently has approximately 1,300 employees. The platform is backed by private equity investor Inflexion and has seen significant organic growth and pursues an ambitious strategy to consolidate a fragmented local market and grow further through acquisitions. The firm also aims to broaden its service offering and scale its business model, ensuring clients continue to benefit from high-quality service.
The partnership provides Baat with additional scale, access to specialist expertise, and investment capacity in areas such as quality, digitalisation, data, AI, and talent development. During the process, Stepstone Corporate Finance+ acted as sell-side advisor to the partners of Baat, working closely with Baat’s own corporate finance team.