PE Tech Report


Like this article?

Sign up to our free newsletter

HgCapital acquires Nair & Co

HgCapital, the European sector focused private equity investor, has acquired Nair & Co.

Nair & Co provides a tailored solution for fast growing companies that are looking to expand into international markets, but do not have the technical or administrative expertise to do so. Nair & Co sets up the required international entities and integrates legal, accounting, payroll, tax and human resources services to ease the process of international expansion.
Nair & Co is headquartered in Bristol, UK, with 450 employees based in offices in India, the US, Singapore, Japan and China.
HgCapital’s services team has previously identified accountancy and trust/administrative services as a core focus area and the acquisition of Nair & Co illustrates HgCapital’s thematic approach to investing in its target sectors.
HgCapital has a track record of identifying and working with technology-enabled service companies to achieve sustainable growth. Most recently, HgCapital announced the sale of corporate services business ATC in June for an enterprise value of EUR303m, representing an investment multiple of 2.2x original cost and a gross IRR of 37 per cent.
Matthew Rourke, partner and head of HgCapital’s services team, says: “We have been researching this market segment for four years, and specifically following the progress of Nair & Co for over two years, so we are delighted we have been able to agree this investment with Shan Nair, the business co-founder. Companies are increasingly looking to expand into international markets but do not have the expertise or market knowledge to do so quickly or efficiently. Nair & Co specifically addresses this challenge and guides companies through the process. We see real growth potential for the company as more companies take advantage of the unique services Nair & Co offers.”
Shan Nair, co-founder of Nair & Co, says: “HgCapital is a dynamic fast moving UK private equity house with an excellent track record of successfully investing in growth businesses. Nair & Co.’s one stop business model for international expansion is highly attractive to international companies. The combination of our talents and resources arising from this transaction will ensure we retain our industry-leading position while also enabling us to further enhance and broaden the quality services we offer our clients while taking our business up to the next level and fast tracking our growth rate.”

Like this article? Sign up to our free newsletter