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May 23, 2010

Israeli merger forms seventh largest firm

Baker Tilly International member firm Horowitz Idan Goldstein Sabo Tevet will merge with Reuveni, Hartuv, Tepper & Co to form the seventh largest firm in Israel.

The new firm, Horowitz Idan Sabo Tevet & Cohen Tabach, will trade as Baker Tilly and have 10 partners and more than 110 staff.

The firm will be led by managing partner and chief executive Eyal Horowitz.

Horowitz Idan Goldstein Sabo Tevet, which currently trades as Baker Tilly, formed out of a merger between Oren Horowitz & Co, founded in 1952, and Goldstein Sabo Tevet, founded in 1986.

The firm has around 90 partners and employees, providing, inter alia, services for public companies traded in Tel Aviv, on NASDAQ and on AIM. The firm is PCAOB licensed and SEC-approved. In 2008 it was appointed as an auditor for government offices alongside seven other accounting firms.

Reuveni, Hartuv, Tepper & Co specialises in real estate and construction, individual taxation, advising on international investments in Israel, as well as advising public companies and government bodies, and not-for-profit organisations.

At present, Baker Tilly is the eighth largest accounting firm in Israel, providing accounting, auditing, tax and consulting services.


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