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Announced

Completed

Horizon Capital-backed Dains Accountants completed the acquisition of Magma Chartered Accountants and McInerney Saunders Chartered Accountants.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Management Consulting

Single Bidder

Completed

United Kingdom

accounting company

Acquisition

Private Equity

Diversified Financials

Friendly

Domestic

Majority

Synopsis

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Horizon Capital-backed Dains Accountants, a business advisory firm, completed the acquisition of Magma Chartered Accountants and McInerney Saunders Chartered Accountants, a chartered accountants, chartered tax advisers and financial advisers, providing services to owner-managed businesses. Financial terms were not disclosed. "The acquisitions of McInerney Saunders and Magma further propels the group on their growth trajectory, as well as being the catalyst for a mutually cooperative relationship, completely aligned with our long-term growth strategy," Luke Kingston, Horizon Managing Partner.

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