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 consisted of Ollie Thesiger (Debt Finance) and Dulcie Daly and Nathan Langford (Tax).
For more information on the deal, please read the press release.