Wed, 06 Nov 2019 | BUSINESS SALE
SKS Business Services has announced the acquisition of four companies, with the help of a £10 million financing from Shard Credit Partners.
SKS is a firm of chartered-accountants that provides accounting, bookkeeping, tax, payroll and other outsourced services to a customer base largely consisting of SMEs in the South-East of England. It has 60 UK-based staff in the UK, along with 155 professional support staff located across four offices in North-West India
The initial senior secured unitranche facility through Shard Credit Partners Fund I, has seen a rapid acceleration in SKS’s acquisitive growth strategy since it was awarded in May 2018. The financing has enabled SKS to rapidly grow its national presence.
SKS has now acquired a total of 18 companies since November 2013, including 10 companies under its buy and build strategy.
The four new companies acquired are Westlake Clark, which has a presence in Southampton, Lymington and New Milton, Stevenage-based Baker Watkins, Bury-based Thompson Jones; and Buckinghamshire-based Cansdales.
SKS Managing Director Sanjay Swarup said: "SKS's acquisition-led growth strategy is now proven and continues to drive interest from accounting business owners looking for an exit through a sale. We have a strong pipeline of acquisition candidates throughout the UK and expect to complete several more transactions in the coming months."
Alastair Brown, Chief Executive of Shard Credit Partners, added: "SKS's remarkable growth story over the past 18 months is a testament to our strategy of providing transformative growth capital to SMEs in the UK lower mid-market to unlock rates of growth not otherwise achievable with other forms of financing.
"Its unique proposition of securing acquisitions at attractive EBITDA multiples in combination with post-completion restructuring and offshoring of accounting work to India is highly EBITDA accretive."
This is a unique opportunity to acquire a well-established, female-led law firm known for its excellent client care and consistent revenue growth, with significant potential for expansion into new regions and service offerings. The firm presents a de...
An established solicitors' firm in Stoke on Trent is now available for acquisition, presenting a unique opportunity for individuals or companies seeking to expand their presence in the legal sector.
An opportunity to acquire a well-established solicitors' practice in a prime central Leicester location presents itself, ideal for those seeking a reputable presence in the legal sector.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.