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Maddocks advises Greenwoods on PwC merger

Maddocks law firm has advised leading tax advisory firm Greenwoods on its merger with PwC Australia.

user icon Jess Feyder 30 June 2022 Big Law
Maddocks
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Firm: Maddocks (Greenwoods)

Value: N/A

Deal: Fifteen tax partners and 50 Greenwoods staff have been acquired by PwC and will become part of its financial advisory business.

Area: Corporate

Key players: The advisory was led by Maddocks partner Ron Smooker with support from partner Bruce Heddle, Jacqueline Picone, Simon Coates-Peacock and Oliver Wahlstrom.

Deal significance: The deal represents a shift in tax advisory work in the Australian market,” Maddocks said in a statement. 

“The combination of Greenwoods and PwC Australia will create a distinctive offering in the market, building on PwC Australia’s existing market leadership with an expanded suite of capabilities for clients,” PwC said in a statement.

Speaking about the merger, Mr Smooker said: “Building on our established reputation as an adviser to professional services firms, we were able to assist the management team at Greenwoods to negotiate the challenges of implementing a commercially and technically complex transaction in an environment where stakeholder management was of paramount importance.”

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