Goldman-backed AAB acquires Veritas Advisory

AAB, a professional services firm backed by Goldman Sachs Alternatives, has acquired Veritas Advisory Limited, a UK capital allowances advisory business. Financial terms were not disclosed. Veritas advises on tax matters tied to real estate transactions, development projects and investment portfolios.

AAB tax head Mark Lappin said the deal strengthens the firm's position in real estate, investment and private capital and adds technical depth for clients. Veritas founder and director Clive Curd said joining AAB gives the business the scale and investment to grow while keeping its specialist focus and continuing development of its AI technology.

The acquisition adds to AAB's London presence. After completion, AAB will employ more than 1,900 people across 25 locations in the UK, Ireland and other international markets.