Dains Group Expands National Presence with Barnes Roffe Acquisition
Deal News | Jun 03, 2025 | IK Investment Partners (IK Partners)
The Dains Group, a leading provider of accountancy and advisory services for SMEs, has announced its acquisition of Barnes Roffe, a well-established accountancy firm in London. This acquisition marks Dains' second since partnering with private equity firm IK Partners and bolsters its presence across the UK and Ireland. Scheduled to complete on June 4th, 2025, the acquisition aims to enhance Dains' service offering in financial advisory, corporate tax, audit, and corporate finance, propelling it towards becoming a top 20 UK accounting firm by the end of 2025. Barnes Roffe, known for its client-centric approach, adds significant expertise with its 29 partners and over 200 employees. Both companies express enthusiasm about the synergies and growth prospects, especially in the London area. IK Partners, having supported the acquisition, reaffirmed its commitment to further developing Dains into a leading SME advisory business. Corporate advisors for the transaction included CMS, Deloitte, Eight Advisory, and others.
Sectors
- Accounting and Professional Services
- Private Equity
Geography
- United Kingdom – The main activities and companies involved in the article are based in the UK, including the strategic expansion of Dains Group across key UK regions.
- Ireland – Dains Group's strategy includes establishing hubs in Ireland as well, thus extending their geographic reach beyond the UK.
Industry
- Accounting and Professional Services – The article discusses the acquisition within the accounting sector, specifically involving firms that provide financial, tax, and advisory services.
- Private Equity – Private equity involvement is highlighted through IK Partners, who support and drive the growth of Dains Group through strategic acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dains Group | Acquirer | Company | A leading provider of accountancy and advisory services to the SME market aiming to expand its national reach and enter the top 20 UK accounting firms. |
| Barnes Roffe | Target Company | Company | One of the UK's top 50 accounting firms, known for its client-centric approach and service since its establishment in 1899. |
| IK Partners | Private Equity Backer | Company | A private equity firm providing financial backing for Dains Group's strategic acquisitions and growth initiatives. |
| CMS | Legal Advisor | Company | Provided legal advisory services to Dains Group during the transaction. |
| Eight Advisory | Financial and Tax Due Diligence | Company | Conducted financial and tax due diligence for Dains Group in the acquisition. |
| Forward Corporate Finance | Financial Modelling | Company | Handled financial modelling for Dains Group in the transaction process. |
| Deloitte | Tax Structuring | Company | Provided tax structuring services during the acquisition. |
| PDW | Customer Referencing | Company | Conducted customer referencing for Dains Group in the acquisition. |
| Cyber Crowd | IT Due Diligence | Company | Conducted IT due diligence for Dains Group in the acquisition. |
| Mercia | Technical Due Diligence | Company | Conducted technical due diligence for Dains Group in the acquisition. |
| KPMG CF | Corporate Finance Advisor | Company | Provided corporate finance advisory services to Barnes Roffe for the transaction. |
| KPMG Legal | Legal Advisor | Company | Provided legal advisory services to Barnes Roffe for the transaction. |