Xeinadin acquires Silver Levene in ‘biggest’ deal to date

Accountancy group Xeinadin has acquired Silver Levene, one of London’s independent practices, in what it describes as its “biggest” deal to date.

The acquisition expands Xeinadin’s presence in the capital and adds a firm known for its expertise in niche sectors, including legal, film, TV, music, publishing, pharmacy and private healthcare.

Silver Levene has 19 partners and around 150 staff across two London offices. It will now operate as part of Xeinadin’s network, gaining access to national expertise and centralised support functions including IT, HR, marketing and compliance.

According to the group, which has operated for more than 60 years, the deal would allow it to accelerate plans for sustainable growth while retaining its identity.

Derry Crowley, Xeinadin chief executive, said: “This is a standout firm. The team at Silver Levene have built something with a clear point of difference and real depth. Their understanding of their sectors is second to none and they work with clients who expect more than just compliance.

“Bringing them into Xeinadin sharpens our capabilities in London and brings in knowledge that adds immediate value. We really look forward to working with our new partners who we know will fit very well into our entrepreneurial culture.”

Marc Franks, partner, added: “We pride ourselves in thinking outside of the box. Clients come to us for solutions that others might not spot. We wanted to stay at the forefront of London’s accountancy market – not as a small cog in a big wheel, but as a firm with something meaningful to offer at the heart of the capital. 

“What mattered to us was finding a true fit for our personality, our culture and our independence of thought that’s been at the heart of Silver Levene for decades. Xeinadin understood that straight away and this move gives us the backing to keep developing. Anything has always been possible, but more is achievable now that the firm is part of Xeinadin.”