M&A Deal Summary

IK Partners Acquires Dains Accountants

On December 16, 2024, private equity firm IK Partners acquired business services company Dains Accountants from Horizon Capital UK

Acquisition Highlights
  • This is IK Partners’ 23rd transaction in the Business Services sector.
  • This is IK Partners’ 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-12-16
Target Dains Accountants
Sector Business Services
Buyer(s) IK Partners
Sellers(s) Horizon Capital UK
Deal Type Secondary Buyout

Target

Dains Accountants

Birmingham, United Kingdom
Dains Accountants provides essential services to 4,000 fast-growth businesses, international companies, and high net worth individuals helping clients achieve their goals through award-winning audit, tax, business advisory, and support services. Dains Accountants was formed in 1926 and is based in Birmingham, United Kingdom.

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Buyer(S) 1

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 186 of 191
Sector: Business Services M&A 23 of 24
Type: Secondary Buyout M&A Deals 74 of 74
Country: United Kingdom M&A 9 of 11
Year: 2024 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 Acture Groep

Nijmegen, Netherlands

Acture Groep is a unique collective of innovative businesses providing specialized outsourced services to Dutch corporates and temporary staffing agencies to manage cases of illness or disability in their workforces. Acture Groep was founded in 2008 and is based in Nijmegen, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-07 GeoDynamics

Kortrijk, Belgium

GeoDynamics provides in the development of location-based software solutions. It has equipped 26.000 vehicles from 2.400 customers with high-quality internet-based solutions (like track & trace and time registration) for specific corporate needs for mobile applications, mobile workers, and vehicles. GeoDynamics was founded in 2004 and is based in Kortrijk, Belgium.

Sell -

Seller(S) 1

SELLER

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 28 of 30
Sector: Business Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 11 of 11
Country: United Kingdom M&A 25 of 27
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Alchemist

Falkirk, United Kingdom

Alchemist is a learning and development company providing bespoke training and skill development using “practice-based learning”. Their programs are designed to create immediate, tangible impact on professional performance. Alchemist was founded in 1996 and is based in Falkirk, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-23 ERA Group

Kent, United Kingdom

ERA Group is a global cost‑optimisation and supply‑chain consulting firm that helps organisations unlock savings through data‑driven insights and category expertise. ERA Group was founded in 1992 and is based in Kent, United Kingdom.

Buy -