Top 20 UK and Ireland professional services group Xeinadin has successfully completed an agreement to form a strategic partnership with private equity firm Exponent.
The terms of the partnership will see Exponent make a significant minority investment in Xeinadin to support the business’s growth plans and fund new data-driven technologies.
Hill Dickinson’s Manchester Corporate team advised Xeinadin on the deal, which was first announced in February 2022, led by Corporate partner Ian Gillis.
Partner David Mkhitarian, legal director Sean Lightfoot, associates Olivia Jones and Jessica Lee, paralegal Molly Lacey and trainee solicitor Joyce Tai (all Corporate) assisted, together with banking partner Alasdair Mackinnon.
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 1500 people and services over 50,000 clients, predominantly small and medium sized businesses and their owner-managers.
We are delighted to have played our part as legal advisers to Xeinadin to help bring this strategic partnership deal together. We wish Xeinadin and Exponent every success in their journey ahead. I am incredibly proud of our team and the work they put in to make this happen.Ian Gillis
Partner, Hill Dickinson
Exponent’s investment will support Xeinadin’s growth ambitions and allow it to make further investments in innovative data-driven technologies to help drive efficiencies and improve the quality, breadth and delivery of services to its clients.