Midlands accountancy firm Dains Accountants has secured backing from a private equity investor.
The audit, tax, business advisory and support services provider has won significant investment from Horizon Capital to enable further growth through acquisitions.
The deal comes after Dains - which has almost 200 staff across five offices in Birmingham, Burton, Derby, Lichfield and Stoke-on-Trent - enjoyed 'market-leading growth' through the Covid-19 pandemic, as more and more clients look to outsource services to expert providers.
The accountancy firm says its partnership with Horizon will enable it expand its capabilities further and allow it to continue to build on the momentum already created following recent acquisitions.
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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."
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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.
Luke Kingston, partner at Horizon Capital - which specialises in technology and business services - 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 (SMEs) and high net worth individuals, both vital components of the 海角视频 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."