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Dains Group has announced the acquisition of Glasgow-based Consilium Chartered Accountants for an undisclosed sum.
The new deal marks the group’s first acquisition since securing private equity backing from IK Partners (IK).
Consilium Chartered Accountants, founded in 2013, has grown into a team of 200 professionals with offices across Scotland’s central belt.
Dains was advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax structuring) and CMS (Legal). Consilium was advised by Vialex (Legal).
Richard McNeilly, CEO of Dains Group, said: “We are delighted to welcome Consilium to the Dains Group. It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial.
“We are building a very compelling proposition in Scotland, having previously partnered with William Duncan and Co, and Condies. Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”
David Holt, partner at Consilium, added: “Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team. Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”
