Accountancy firm lands private equity investment

Dains Accountants, which has offices throughout the Midlands, has secured “significant” investment from Horizon Capital, the private equity investor specialising in technology and business services.

With almost 200 staff, Dains has 4,000 customers and has bases in Birmingham, Burton, Derby, Lichfield and Stoke.

Dains is Horizon Capital’s fourth new platform investment in 2021 following those in BP3, Modern Networks and The Marketing Practice (TMP) earlier in the year, which have already completed four acquisitions collectively on their buy and build journeys.

Richard McNeilly, managing partner at 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 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, said: “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.”