Optionis Group acquired by credit specialist

Optionis Group, a provider of professional services to contractors and small businesses, has been acquired.

The group, which specialises in accountancy, tax, and umbrella employment solutions, is now under the ownership of alternative credit specialist, Alcentra.

The change in ownership unlocks funding that will allow Optionis Group, which operates accountancy brands including SJD Accountancy, Parasol, Brian Alfred and Nixon Williams, to ‘fulfil its bold growth strategy and future ambitions.’

Alcentra is one of the largest European credit and private debt managers with $38 billion in assets under management (AUM) and has an existing relationship with Optionis Group going back to 2016.

Doug Crawford, CEO at Optionis Group, said: “This is an exciting announcement for our business. We have a long-standing relationship with Alcentra and have enjoyed a strong and successful partnership with the firm over many years, so we know that their vision and values align with our own.

“We’re now looking forward to accelerating some of our strategic objectives, standing shoulder to shoulder with our new owners to achieve further growth.”

Nicolas Besson, Executive Director at Alcentra, said: “It’s a business with a strong foothold in the UK market, but we believe it also has the potential to go even further. There is a solid management structure in place driving the organisation forward and this deal allows the business to focus firmly on the future.”