SMH Group Partners with Phoenix Equity for Growth Ambitions
Deal News | Jan 07, 2025 | Phoenix Equity Partners
Phoenix Equity Partners has announced its latest investment in SMH Group, a prominent accounting and advisory services firm operating within Yorkshire and Derbyshire. The collaboration aims to drive SMH's growth strategy, enhancing its position as a leading provider in the region. Phoenix will support SMH's ambitions through a dual approach of organic expansion and strategic acquisitions. This move aligns with Phoenix's objective to partner with capable management teams of successful businesses to help them achieve substantive growth. Will Skinner, a Partner at Phoenix, expressed enthusiasm for the partnership, lauding SMH's impressive ten-fold revenue growth since 2017, achieved through both organic and acquisition means. This investment is positioned to aid SMH in realizing its long-term ambitions of regional dominance.
Sectors
- Financial Services
- Private Equity
- Professional Services
Geography
- United Kingdom – Both Phoenix Equity Partners and SMH Group operate within the UK, with SMH focusing on Yorkshire and Derbyshire.
- Yorkshire – SMH Group serves clients across this region as part of their operational territory.
- Derbyshire – SMH Group also serves clients across this region as part of their operational territory.
Industry
- Financial Services – The investment involves an accounting and advisory services firm, placing the focus on financial services.
- Private Equity – Phoenix Equity Partners, a PE firm, is involved in this investment transaction, highlighting the role of private equity.
- Professional Services – The core business of SMH Group is in professional services, particularly focusing on accounting and business advisory.
Financials
- 10-fold revenue increase since 2017 – Reflects the growth achievements of SMH Group over recent years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Phoenix Equity Partners | PE Firm/Investor | Company | A private equity firm investing in growth-oriented companies. |
| SMH Group | Target Company | Company | An accounting and advisory services firm aiming to grow within the Yorkshire and Derbyshire regions. |
| Will Skinner | Partner at Phoenix | Person | Representative of Phoenix Equity Partners discussing the partnership. |