Ryan Announces Minority Investment from Neuberger Berman Capital Solutions

Executive Summary

• Neuberger Berman Capital Solutions, together with its private‑markets funds, will acquire a significant minority equity stake in Ryan, LLC.
• The investment adds to existing shareholders On ex Partners and Ares Private Equity, reinforcing long‑term capital support for Ryan’s growth strategy.
• Transaction closing is expected in the first half of 2026, subject to regulatory approvals and customary conditions.

Key Details

• Investors: Neuberger Berman Capital Solutions (and funds managed by Neuberger Berman Private Markets) – new strategic minority shareholder.
• Existing Shareholders: Onex Partners and Ares Private Equity Funds remain as long‑term partners.
• Purpose: Provide capital to fund Ryan’s expansion into new markets, enhance consulting, software, and technology capabilities, and support its “global leader in tax” vision.
• Leadership Continuity: Founder, Chairman & CEO G. Brint Ryan will continue to lead the company; existing management team remains in place.
• Transaction Timing: Expected completion in H1 2026 after receipt of required regulatory approvals and satisfaction of customary closing conditions.
• Advisors – Ryan: Financial advisors – BofA Securities, J.P. Morgan Securities LLC; Legal advisor – Kirkland & Ellis LLP.
• Advisors – Neuberger: Financial advisors – RBC Capital Markets, Goldman Sachs & Co. LLC; Legal advisor – Latham & Watkins LLP.
• Strategic Rationale (Quotes):
• G. Brint Ryan highlighted the partnership’s alignment with Ryan’s long‑term vision and growth plans.
• David Lyon (Neuberger) emphasized Ryan’s differentiated platform at the intersection of tax expertise, technology, and client service.
• Amir Motamedi (Onex) and Matt Cwiertnia (Ares) reiterated confidence in Ryan’s innovation and future value creation.

Notable Quotes

• “Ryan has built a powerful foundation as a clear market leader in tax, and this strategic partnership further strengthens our competitive advantage as we enter our next phase of growth.” – G. Brint Ryan, Chairman & CEO, Ryan
• “We are thrilled to partner with Brint and the Ryan team… we look forward to helping Ryan achieve its goal of becoming the global leader in tax.” – David Lyon, Head of Neuberger Berman Capital Solutions
• “Ryan has built a category‑leading platform… we are excited to welcome Neuberger as a strategic capital partner alongside Ares and management.” – Amir Motamedi, Managing Director, Onex Partners
• “We are excited to continue our valued partnership … in support of the Company’s growth and long‑term value creation strategy.” – Matt Cwiertnia, Head of Ares Private Equity