DJH Expands to Ireland with MSD Accountants Acquisition
Deal News | Jul 15, 2025 | Tenzing Private Equity
DJH, a prominent accountancy and professional services firm backed by Tenzing Private Equity, has marked a significant milestone by acquiring MSD Accountants in Dublin, marking DJH’s first international expansion. MSD Accountants, known for its strong reputation and local expertise, complements DJH's strategic push towards European growth. The acquisition aligns with DJH’s ambition to become one of the UK's top 20 firms by leveraging MSD’s sector specialisms and capability in EU regulatory compliance. This partnership enhances DJH’s multinational capabilities, supporting UK businesses with EU operations and expanding service lines for MSD’s clients, notably in corporate finance, IT, and HR. DJH now operates with over 670 professionals across the UK and Ireland, broadening its service reach and client support.
Sectors
- Professional Services
- Private Equity
- Accounting
Geography
- United Kingdom – DJH is based in the UK and aims to strengthen its position as a leading accountancy firm within the country.
- Ireland – The acquisition of MSD Accountants in Dublin marks DJH’s first expansion into the Irish market.
- European Union – With MSD’s expertise, DJH is set to enhance its EU regulatory compliance capabilities and cross-border planning services.
Industry
- Professional Services – The acquisition involves DJH, an accountancy and professional services firm, expanding its reach and services in professional advice and management.
- Private Equity – Tenzing Private Equity is supporting DJH with investment and growth, playing a key role in DJH's international expansion.
- Accounting – MSD Accountants, a firm providing accounting services, is acquired, enhancing DJH’s service capabilities in this industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DJH | Buyer | Company | A UK-based accountancy and professional services firm acquiring MSD Accountants to expand internationally. |
| MSD Accountants | Target | Company | A Dublin-based accounting firm providing specialized services and known for its strong reputation in various sectors. |
| Tenzing Private Equity | Investor | Company | The private equity firm backing DJH's growth and supporting its strategic expansion efforts. |
| Richard Daly | Managing Partner at MSD Accountants | Person | Continuing to lead MSD Accountants post-acquisition. |
| Brendan Murtagh | Head of Assurance at MSD Accountants | Person | Continuing to lead the firm and maintaining relationships post-acquisition. |
| James Beardmore | Chief Operating Officer at DJH | Person | Commented on the strategic importance of the acquisition and its fit with DJH’s growth plans. |
| Matt Nicholson | Investment Lead at Tenzing | Person | Praised DJH's expansion and its strategic milestones supported by Tenzing. |