Haynes And Boone Steers Blucora's $180M Buy Of 1st Global

Law360 (March 19, 2019, 4:01 PM EDT) -- Tax and financial services provider Blucora Inc. on Tuesday said it will take over tax-focused wealth management business 1st Global in a $180 million deal, with Haynes and Boone LLP steering the buyer.

The deal will see Irving, Texas-based Blucora, the company behind financial services firm HD Vest and tax preparation software provider TaxAct, pick up a provider of education, technology and other services used by certified public accountants and tax professionals. The tie-up will combine the two largest tax-focused independent broker-dealers by revenue, Blucora said.

"Clients are underserved unless their financial adviser has the capability to advise specifically on the...

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