Dains make first acquisition since private equity boost

Leading accountancy and advisory services provider Dains Group has announced the acquisition of Consilium Chartered Accountants, based in Glasgow.

The acquisition comes after the firm secured private equity backing from IK Partners (“IK”) in a move that reinforces a growing intention to build the leading SME advisory business in Scotland.

Consilium has a strong reputation as being a highly customer centric, personable, and progressive business, that has built a highly talented team since its establishment in 2013.

Graeme Bryson, Scotland managing partner at Dains Group said: “We were attracted to Consilium because of their advisory mindset and strong cultural values.

“It is our ambition to collaborate with our clients, to provide timely and well thought through advice based on a detailed understanding of what they are trying to achieve, and this has been the cornerstone for Consilium’s rapid growth, making them obvious strategic partners.”

David Holt, partner at Consilium, said: "Dains approached us with a clear vision for delivering a market-leading advisory proposition for our clients, in a group that believes in providing great careers for its team.

“Upon joining the group, we enhance the range of services open to our clients and look forward to building the business in Scotland for the benefit of all our stakeholders.”

Richard McNeilly (pictured), CEO of Dains Group, said: “We are delighted to welcome Consilium to the Dains Group", said. "It is rare that we meet such an enterprising and client-focused leadership team and the opportunities we can create together in Scotland and across the UK and Ireland are substantial.

“We are building a very compelling proposition in Scotland, having previously partnered with William Duncan & Co, and Condies.

“Our group comprises over 850 people and we are determined to continue improving the proposition for our clients and the career opportunities for our talented team.”

Dains were advised by DSW (financial and tax due diligence), Forward Corporate Finance (Financial Modelling), Deloitte (Tax structuring) and CMS (Legal). Consilium were advised by Vialex (Legal).