Simpson Thacher represented the lenders in connection with the financing of IK Partners’ acquisition of a majority stake in Dains Accountants. The acquisition and funding under the facilities closed on January 24, 2025.
Dains Accountants is a leading provider of accountancy and business advisory services in the U.K. Established in 1926, Dains provides a comprehensive suite of accounting and business advisory services to fast-growing small and medium-sized enterprises in the U.K and Ireland.
IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the U.K. Since 1989, IK has raised more than €17 billion of capital and invested in over 195 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
The Simpson Thacher team included Hadrien Servais, Jacob Durkin, Eline Souffriau, Brian Bodensteiner, Marc van Heerden and Dilraj Rai (Credit); and Caleb McConnell and Phoebe Adams (UK Tax).