H.I.G. Bayside seeks buyer for Jackson Hewitt

HIG Bayside, Jackson Hewitt, tax preparation, private equity, merger, M&A
Dallas, Texas, USA, November 2015 - Close up of US Individual Income Tax form 1040. Photo courtesy of SandraRose/iStock/Getty Images
  • Jackson Hewitt filed for Chapter 11 bankruptcy in 2011
  • Bayside, one of Hewitt’s lenders, took control in 2011
  • Hewitt paid out a $100 mln dividend in 2015: Moody’s
H.I.G. Bayside Capital has put the tax preparer Jackson Hewitt Inc up for sale, four sources said. Jefferies and Piper Jaffray are advising on the process, two of the sources said. Jackson Hewitt, Jersey City, New Jersey, provides tax-preparation services for mainly low-income ...

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