Xeinadin restructures corporate finance capability to support rapid growth

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Xeinadin Group, one of the leading professional services groups in the UK and Ireland, has restructured its’ corporate finance capabilities from across the group to create a dedicated division in support of the wider company growth strategy. 

Xeinadin Corporate Finance, jointly led by Steven Lindsay and Paul Whitney, will bring together corporate finance expertise from across Xeinadin’s footprint of over 100 locations across the UK & Ireland, to support the active M&A market in the UK. The move is the group’s first announcement on strategic changes following its significant minority investment from Exponent earlier this year which has enabled Xeinadin to focus on its growth strategy and the development of key practice areas.   

The Xeinadin Corporate Finance team has advised on three deals which have completed recently. Most recently, they advised the vendors in the acquisition of IT Telemarketing Services (ITTS) by Agent3. Earlier this month the team also advised EcoSpeed, a Manchester-based same day courier company as it was acquired by distribution business CitySprint, which is part of DPDgroup. The team were also advisors to the vendors on the acquisition by Thornely Groves, a lettings and sales agency of long-standing independent agency Julian Wadden & Company.

Xeinadin is a group of business advisory and accountancy practices in over 100 locations across the UK and Ireland providing over 40 service lines to more than 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. 

Xeinadin has more than1,500 employees across the UK and Ireland, and is one of the professional services market’s leading disruptors and consolidators, with annual revenues of more than £100 million in its latest financial year. 

Derry Crowley, CEO, Xeinadin Group, said: “We have developed a strong reputation for corporate finance across the group over the last few years and now is the right time to restructure and invest further in our offering to enable it to grow and provide exceptional advice to our client base of owner-managed businesses. Our breadth in services as a firm means that our corporate finance team is well positioned to support existing clients as well as new ones.”  

Steven Lindsay, Co-Head of Corporate Finance, Xeinadin, commented: “This restructure will enable us to further strengthen our corporate finance capabilities. We are ideally placed to help business owners and directors consider their options involving exit, funding, acquisitions and management or employee buy-outs. We have strong growth ambitions and this restructure is the first important step to enable us to achieve them.”