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."
Provides design and project support advice to clients requiring refrigeration and building services solutions. A respected refrigeration consultant for a number of leading retailers. Services offered include design, technical studies and project mana...
LEASEHOLD
An excellent opportunity exists to purchase the business and assets of an award-winning corporate events business. Specilaising in bespoke team building and learning and development events the business has successfully created a niche offering withi...
LEASEHOLD
Exceptional opportunity to acquire this long established and well respected general practice. Offers invited.
LEASEHOLD
|
29
|
|
May
|
Monsoon Accessorize close to administration | ADMINISTRATION
Fashion retailer Monsoon Accessorize is close to entering ad...
|
28
|
|
May
|
M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE
Asset manager M&G has completed the purchase of wealth manag...
|
27
|
|
May
|
Food-to-go supplier calls in administrators | ADMINISTRATION
Adelie Foods, one of Britain’s biggest suppliers of sa...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources