Barings has acted as sole lender of secured credit facilities to Xeinadin Group (Xeinadin), a portfolio company of Exponent Private Equity (Exponent).
Exponent recently commenced its significant partnership with Xeinadin, a network of business advisory and accountancy practices in the UK and Ireland. Across more than 100 locations, Xeinadin provides more than 40 service lines to a base of more than 50,000 clients, predominately small and medium sized businesses and their owner-managers.
The partnership with Exponent will support the Group’s ambitions to grow significantly, both organically and through acquisitions, 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.
Barings acted as the sole lender to Xeinadin and Exponent, providing senior facilities across the capital structure as well as becoming an equity co-investor.
