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.