Houlihan Lokey Advises SAX

Houlihan Lokey is pleased to announce that SAX LLP, a top 100 accounting, tax, and advisory firm, has received a strategic investment from Cobepa S.A. The transaction closed on July 15, 2025.

Founded in 1956, SAX has built a reputation for being the no. 1 advisor to closely held companies, family-owned businesses, nonprofit organizations, and high-net-worth individuals. The firm’s advisory services extend beyond traditional accounting and tax offerings, encompassing wealth management, cybersecurity and managed IT, investment banking, transaction advisory, HR consulting, valuation, and forensic and litigation. With offices strategically located in Parsippany, New Jersey, Ewing, New Jersey, New York City, New York, and Mumbai, India, SAX offers specialized expertise that benefits clients across its largest vertical markets.

SAX will pursue strategic acquisitions to expand its physical footprint along the East Coast, enhance its service offerings, and drive further technological innovation across its practice areas. SAX will restructure to accommodate the investment, providing attest services through SAX, a licensed CPA firm, and advisory, consulting, and other professional services through Sax Advisory Group. The firm will retain its independence with no disruption to client engagements or relationships.

Cobepa is an independent, privately held investment company with offices in Brussels and New York. Cobepa manages a diverse portfolio of private equity investments representing approximately $5.3 billion of equity capital. Cobepa invests in leading companies with superior business models, sustainable market positions, and leading management teams.

Houlihan Lokey acted as the exclusive financial advisor to SAX.

This transaction underscores Houlihan Lokey as a leading advisor at the forefront of the increasing convergence between the accounting and wealth management sectors.

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