Status:

Current

Commitment:

£20m

Date of investment:

2021

Sector:

Business Services

“This is an exciting time for Dains, our clients and colleagues. We are delighted to be partnering with Horizon Capital who have a strong track record in supporting companies such as ours to accelerate both organic and acquisitive growth. Dains has grown in recent years thanks to the hard work of work of our colleagues and the support of our clients, and we look forward to building on that success with this investment.”

Richard McNeillyManaging Partner, DAINS Accountants

Background

Dains provides essential services to 4,000 fast-growth businesses, international companies and high net worth individuals helping clients achieve their goals through award-winning audit, tax and business advisory and support services. The market that Dains operates in is highly fragmented and sized at £4.5bn and driven by strong tailwinds due to increasing levels of compliance and sophistication, as a result of which a growing proportion of clients are outsourcing business-enhancing tasks to expert providers

Horizon Capital have worked closely with the team to build upon a strategy of both organic and inorganic growth, supporting the identification and origination of M&A opportunities, execution support and capital for consolidation.

Buy and Build

Horizon Capital had been mapping the SME accountancy and compliance market for a number of years and therefore have been able to leverage this sector knowledge to benefit Dains, building a strong pipeline of accretive acquisition targets.

The Journey

Since completion Horizon Capital have worked with the team to further invest and build out the infrastructure and capabilities of the Group.

News & Insights

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