Dains
Liberty advises the management team of Dains Accountants on the majority stake acquisition by IK Partners
Liberty Corporate Finance is delighted to announce they have advised the management team of Dains Accountants (“Dains”), on its acquisition by IK Partners.
IK Partners will succeed Horizon Capital as the majority shareholder, with the firm's management team significantly reinvesting.
Established in 1926, Dains is a leading provider of accountancy and advisory services for small and medium-sized enterprises (SMEs). Following investment from Horizon Capital in 2021, Dains has experienced significant growth supported by ten strategic acquisitions and a workforce expansion to 765 employees.
With the support of IK Partners, Dains will look to continue its organic growth in the UK and Ireland, make further investment in its operational platform and recruitment, as well as accelerate its inorganic growth through partnering with complementary firms.
Financial terms of the transaction are not disclosed.
Liberty provided our large management team with timely and commercial support throughout the process. At a really busy time for the team, we appreciated the flexibility Jeff, Mick and Miranda provided in arranging meetings and in delivering to challenging deadlines.
Richard McNeilly
CEO of Dains
We are delighted to have advised Richard and the Dains management team on this very significant milestone for the business. The investment from IK Partners is a testament to the growth and success story of Dains, and we look forward to seeing the business continue to scale and flourish.
Jeff Soh
Partner
+44 (0) 7922 257 501
jeff.soh@liberty-cf.com