Xeinadin Group Limited, a leading professional services group in the UK and Ireland, has agreed a strategic partnership with private equity firm Exponent to support the business’s ambitious growth plans.
Exponent will make a significant minority investment in Xeinadin in a deal which, subject to regulatory approvals, is expected to complete in the first quarter of 2022.
Law firm Hill Dickinson’s Manchester Corporate team advised Xeinadin on the deal. The team was led by partner Ian Gillis, legal director Sean Lightfoot, associate Olivia Jones and partner David Mkhitarian. Stephen Betts, Alasdair Mackinnon, Jessica Lee, Molly Lacey and Joyce Tai also assisted.
The team at Xeinadin have already successfully disrupted the market with a range of products lines clearly focused on data-driven business advice and technology. As a leading consolidator in the professional services market they have also benefited from the growing trend for SMEs to outsource their finance and other support functions. It’s been a pleasure to work alongside the Xeinadin team on an investment that will help drive further efficiencies and innovation in the services it delivers to its clients.Ian Gillis
Partner, Hill Dickinson
Xeinadin is a £100 million turnover group of business advisory and accountancy practices in over 100 locations, structured into 14 regional hubs across the UK and Ireland. The Group employs more than 1,500 people and services over 50,000 clients, predominantly small and medium sized businesses and their owner-managers.
The investment by Exponent will support the company’s ambitions to grow significantly, both organically and through acquisitions, including further investment in data-driven technologies.
Derry Crowley, chief executive of Xeinadin Group, said:
“We are very excited to be heading into the next stage of our growth. We have ambitious plans and have found the right investor to support us and drive forward our ambitions.”
Xeinadin were also advised by Canaccord Genuity and EY.