Ardian, a world-leading private investment house, today announces a new Private Credit Financing package, comprising Unitranche and Committed Acquisition Facilities, to support IK Partners’ (“IK”) acquisition of Dains Accountants (“Dains”), a leading accountancy and advisory services business in the UK and Ireland.
Founded in 1926, Dains has established itself as an industry leader, providing audit, tax, payroll, accounts, corporate finance, and other services to its core of predominantly SME clients across the UK and Ireland. The firm has demonstrated a strong track record of historic organic growth, complemented by ten strategic acquisitions that have together broadened Dains’ already diverse client base to over 17,000 and its employee base to over 700 FTEs.
“Dains Accountants is a leader in providing business critical services to a granular and diverse base of growing SME clients. This represents Private Credit’s third investment into the European accountancy and related advisory services space, a sector underpinned by highly defensive qualities and significant further headroom for organic and M&A expansion. We look forward to supporting Dains’ continued growth and we are pleased to be backing IK Partners once again.” Stuart Hawkins, Head of Private Credit UK & Managing Director, Ardian
Ardian has a 20-year track record in the Private Credit market, making it one of Europe’s longest-established private credit investors. With offices in major financial hubs across Western Europe, the Private Credit team adopts a multi-local approach in partnering with private equity houses and management teams of high-quality companies who are targeting the next phase of business growth. This investment comes amidst a strong period of investment activity for Ardian’s Private Credit team.
List of participants
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Participants
- Ardian: Stuart Hawkins, Saam Serajian-Esfahan, Sana Mehta
ABOUT ARDIAN
Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.
