Crowe Confirms PE Collaboration in Europe
Crowe Global (Crowe), one of the world’s leading accounting networks, confirms a collaboration between Rivean Capital and Crowe Foederer, one of the network’s member firms in the Netherlands.
Crowe Foederer has completed a private equity deal to propel their growth. With the support of Rivean Capital the firm aims to double revenues and employee numbers as well as become a top 10 Dutch financial advisory business. Through this partnership, the firm will accelerate investment in quality assurance, personnel and digitalization. These areas are key to supporting Crowe Foederer’s significant growth targets in existing and new advisory services, which include HR, technology and ESG.
Crowe Foederer reported 9 percent growth in 2024, reaching €90 million in revenues. The firm has 700 employees and nine offices in the Netherlands, including offices in Amsterdam and Eindhoven.
Private equity investment is not new to Crowe. Crowe Australasia, part of Findex, completed a deal with Mercury Capital in 2024 after they acquired KKR's 40 percent stake in the business. As private equity investment continues to ramp up in the accounting industry, the network says it is well-prepared for further developments.
Kamel Abouchacra, Chief Executive Officer at Crowe Global, comments:
Crowe members across the world are well-positioned to embrace alternative investment opportunities. Our firms are recognized in the market for the quality service they provide. Our resolute focus on technology, collaboration and people continues to set Crowe apart.
As we see collaboration opportunities arise, it is fundamental that these align with our core focus and quality ethos. Our priority continues to be to drive a smarter and more valuable client service. The collaboration between Crowe Foederer and Rivean Capital is an excellent example of this. This investment will accelerate progress in key operational areas with both parties bringing real and distinct value to the business and ultimately to the client.
As we see collaboration opportunities arise, it is fundamental that these align with our core focus and quality ethos. Our priority continues to be to drive a smarter and more valuable client service. The collaboration between Crowe Foederer and Rivean Capital is an excellent example of this. This investment will accelerate progress in key operational areas with both parties bringing real and distinct value to the business and ultimately to the client.