Ropes & Gray is advising Cinven on the private equity firm’s agreement to acquire TaxAct, a provider of do-it-yourself tax-filing software and services, for around $720 million.
Haynes and Boone and Sidley Austin are counseling the seller, Dallas-based Blucora Inc., on the transaction, which is expected to close before year’s end, Nasdaq-listed Blucora said in a statement.
TaxAct says more than 85 million individual filers have used its DIY software since the company was founded in 1998, and it claims to be the first online software provider to offer free tax filing services.
Cinven said it plans to combine TaxAct ...
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