The London Debt Finance team advised IK Partners (“IK”) on the financing of its investment in Dains Accountants (“Dains”) alongside the management team who are significantly re-investing. IK will succeed Horizon Capital as the majority shareholder. Dains provides a comprehensive suite of accounting and business advisory services to fast-growing small and medium-sized enterprises in the UK and Ireland. With the support of IK, Dains will look to: continue its strong 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 strong, complementary firms across the UK and Ireland.
IK is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €17 billion of capital and invested in over 195 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
The Goodwin team was led by Hugh O’Sullivan and consisted of Amber Bagshaw, and Ollie Thesiger (Debt Finance) and Dulcie Daly and Nathan Langford (Tax).
For more information on the deal, please read the press release.