Ryan Is Said to Agree to Buy Nordic Tax Adviser Svalner Atlas

Ryan LLC, backed by Neuberger and Onex Corp., has agreed to acquire European tax adviser Svalner Atlas Advisors, according to people familiar with the matter.

The deal values Svalner Atlas at more than $400 million including debt, the people said, asking not to be identified because the information is private.

The transaction could be announced as early as this week, though the timing and other details may still change, the people said. The process was competitive, the people added, with Ryan beating out EQT AB for the asset.

Representatives for Ryan, Neuberger, Onex, Svalner Atlas and EQT didn’t ...