Xeinadin Group Limited, a professional services group in the UK and Ireland, has agreed a strategic partnership with Exponent, a private equity firm with a proven track record in professional services.
This partnership will involve Exponent making a significant minority investment in Xeinadin to support the business’s ambitious growth plans. Subject to regulatory approvals, the transaction is expected to complete in Q1 2022.
Xeinadin is a group of business advisory and accountancy practices in over 100 locations across the UK and Ireland that provides over 40 service lines to over 50,000 clients, predominantly small and medium sized businesses and their owner-managers. It was formed through a merger of the offices in 2019 and is now structured into 14 regional hubs.
Under the new ownership, Mark Taylor and Tom Lightowler of Exponent will join Xeinadin’s Board, along with John Dwyer, an Exponent Operating Partner, joining as a non-executive director. Alastair Marsh will remain as Chairman.