Dains Accountants has secured “significant” investment from Horizon Capital, the private equity investor to expand its existing offerings.
With almost 200 staff, Dains provides services to 4,000 businesses, international companies and “high net worth” individuals through audit, tax and business advisory and support services.
Horizon Capital have reportedly invested “significant” capital to expand these capabilities further and to enhance this through acquisitions for the benefit of clients and staff alike.
Richard McNeilly, managing partner of Dains, said: “This is an exciting time for Dains, our clients and colleagues. We are delighted to be partnering with Horizon Capital who have a strong track record in supporting companies such as ours to accelerate both organic and acquisitive growth.
“Dains has grown in recent years thanks to the hard work of our colleagues and the support of our clients, and we look forward to building on that success with this investment.”
Luke Kingston, partner at Horizon Capital, added: “We are excited to invest in Dains as the company provides essential, tech-enabled services to a large universe of small and medium-sized enterprises and high net worth individuals, both vital components of the UK economy.
“Dains is already a strong player with an impressive track record, and we look forward to working with Richard and his team to supplement this with an exciting acquisition strategy.”