Source: Portland Business Journal
Pillsbury represented Portland-based inDinero, a leading provider of accounting services and software solutions for growth businesses, in the financing aspects of its acquisition of accounting and tax firm mAccounting to fuel inDinero’s next phase of growth. The deal closed Feb. 1, and financial terms were not disclosed.
Founded in 2009, inDinero offers teams of bookkeepers, accountants and CPAs, with real time accounting, and accounting and tax-prep software for startups that want to outsource these functions. Prior to its acquisition of mAccounting, the company had 200 employees in Arizona, California, Massachusetts, New York, Oregon and the Philippines.
The Pillsbury team was led by Finance partner Philip Tendler, with assistance from Corporate partner Michael Torosian, and Finance associate Alexandra Brandt in San Francisco.