Dains Group Makes Strategic Acquisition with Consilium
Deal News | Feb 06, 2025 | IK Investment Partners (IK Partners)
Dains Group, a leading accountancy and advisory services provider for SMEs, announced its first acquisition since receiving private equity backing from IK Partners. The acquisition of Consilium Chartered Accountants, a Glasgow-based firm known for its customer-centric approach, strengthens Dains' capabilities in corporate tax, audit, and corporate finance. The move aligns with Dains' ambition to build a prominent SME advisory business in Scotland. The acquisition marks Dains Group's 11th since 2021, reflecting its commitment to expanding its service offerings and enhancing career opportunities for its team, now numbering over 850. The deal was advised by DSW, Forward Corporate Finance, Deloitte, and CMS, while Vialex advised Consilium.
Sectors
- Accountancy & Advisory Services
- Private Equity
- Corporate Finance
Geography
- United Kingdom – The transaction and strategic expansion involve Dains Group, based in the UK, and Consilium Chartered Accountants, based in Scotland, UK.
- Scotland – Consilium Chartered Accountants is based in Glasgow, Scotland, and the strategic focus is on expanding Dains' presence in the Scottish market.
Industry
- Accountancy & Advisory Services – The article is centered around the acquisition by Dains Group, a provider in the accountancy and advisory services sector.
- Private Equity – IK Partners, a private equity firm, has backed Dains Group for this acquisition, highlighting the involvement of private equity in the transaction.
- Corporate Finance – The deal involves strategic expansion in corporate finance services, a key aspect of both Dains and Consilium's business focus.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dains Group | Buyer | Company | A leading accountancy and advisory services provider to the SME market. |
| Consilium Chartered Accountants | Target | Company | A Glasgow-based accountancy firm known for its customer-centric approach. |
| IK Partners | Private Equity Backer | Company | A private equity firm backing Dains Group's acquisition strategy. |
| DSW | Financial and Tax Due Diligence Advisor | Company | |
| Forward Corporate Finance | Financial Modelling Advisor | Company | |
| Deloitte | Tax Structuring Advisor | Company | |
| CMS | Legal Advisor to Dains | Company | |
| Vialex | Legal Advisor to Consilium | Company |