Irwin Mitchell Corporate Team Advises On Deal Which Will Boost Dains’ Growth Plans

The Corporate team at national law firm Irwin Mitchell has advised on a deal which sees Horizon Capital invest in fast-growing Dains Accountants.

With almost 200 staff based in five locations across the Midlands, Dains provides audit, tax and business advisory services to 4,000 fast-growth companies, international organisations and high net worth individuals.

Horizon Capital has invested significant capital to expand these capabilities and to build on the momentum already created following recent acquisitions.

Irwin Mitchell Corporate partner, Nick Dawson, led the deal and was supported by Matt Smith and Alexandra Bloomer. Elaine Huttley and Laura Willis (Employment) and Sarah Cardew (Tax) also advised.

Jason Zemmel and Dan Weston led a team from CMS Cameron McKenna Nabarro Olswang acting for Horizon. 

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.”

Horizon Capital is a private equity investor specialising in technology and business services. Dains is fourth new platform investment in 2021 following those in BP3, Modern Networks and The Marketing Practice (TMP).

Luke Kingston, partner, at Horizon Capital, added:

”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 and high net worth individuals, both vital components of the UK 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.”