Amsterdam – Rivean Capital, a leading European mid-market private equity investor headquartered in the Netherlands, is pleased to announce completion of its investment in Crowe Foederer, a Dutch top-20 full-service audit & advisory firm and member of Crowe Global, one of the largest accounting networks worldwide. Crowe Foederer aims to be the partner of choice for larger SMEs and mid-market clients through its multidisciplinary services offering which includes audit & assurance, financial advisory, tax advisory, HR services, corporate finance and IT services.

Ready for the next phase of growth

Crowe Foederer doubled its revenues and employee base in the last 5 years, and with the support of Rivean Capital, the partners of Crowe Foederer aim to further accelerate growth both organically as well as through acquisitions. In a rapidly consolidating accountancy market where scale is increasingly important, continued investments in quality, people, and technology are required to maintain a leading role in the market. Rivean will assist Crowe Foederer in managing growth through its in-house value creation Portfolio Enhancement Program. Further investments will be directed towards being employer of choice as well as the further rolling out data-driven, audit- and advisory capabilities. Additionally, the Company will expand its footprint and strengthen its multi-disciplinary service offering with specialist advisory services, organically and through M&A.

Johan Daams, CEO of Crowe Foederer, said: “As a multidisciplinary firm in a rapidly changing and competitive market we continuously challenge ourselves on innovation, service delivery and being a good employer. With the support of Rivean we will continue to build our organizational structure and management power that will naturally drive growth.”

Tom Muizers, Senior Partner at Rivean Capital, commented: “As strategic partner, Rivean Capital will support Crowe with expertise and further investments to realize its ambition to become a leading audit & advisory firm in the Netherlands by helping Crowe broaden its capabilities and expand its presence across the country.”

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About Rivean Capital

Rivean Capital is a leading European private equity investor in mid-market transactions with operations in the Benelux, DACH region, and Italy. Rivean Capital has assets under management in excess of €5bn and has offices in Amsterdam, Brussels, Frankfurt, Milan, and Zug. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful high-tech businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories.

Contacts for the media

For more information, visit www.riveancapital.com

Rivean Capital
Maikel Wieland
Head of Investor Relations
Email: m.wieland@riveancapital.com

Crowe Foederer
Erik Kolthof (Corporate Marketing Manager)
e.kolthof@crowefoederer.nl

Leading accountancy and advisory services provider to the SME market, Dains Group (“Dains”), announces that it has made its first acquisition since securing private equity backing from IK Partners (“IK”) in a move that reinforces a growing intention to build the leading SME advisory business in Scotland.

Consilium Chartered Accountants, based in Glasgow, has joined Dains Group, which significantly strengthens the client proposition in corporate tax, audit, and corporate finance. The team in Scotland is now almost 200 people strong, with offices across the central belt.

Consilium has a strong reputation as being a highly customer-centric, personable, and progressive business that has built a highly talented team since its establishment in 2013. “We were attracted to Consilium because of their advisory mindset and strong cultural values,” said Graeme Bryson, Scotland Managing Partner at Dains Group. “It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”

David Holt, Partner at Consilium, commented: “Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team. Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”

“We are delighted to welcome Consilium to the Dains Group,” said Richard McNeilly, CEO of Dains Group. “It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial. We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co., and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”

Pete Wilson, Partner at IK, added: “It is fantastic to welcome Consilium to Dains, which represents the 11th acquisition by the group since 2021. Dains has a clear ambition to differentiate itself, through offering a high-quality, value-adding, comprehensive suite of services for its customers, whilst engaging with the best delivery team in the SME market – I know the team cannot wait to get started.”

Dains were advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax Structuring) and CMS (Legal). Consilium were advised by Vialex (Legal).