REVELL WARD ACQUIRED BY PRIVATE EQUITY-BACKED DJH MITTEN CLARKE

Accountancy firm Revell Ward has been acquired by private equity-backed DJH Mitten Clarke in a deal overseen by Jay Singh, KBS Corporate Finance Director.

Revell Ward offers a complete commercial solution, providing bespoke financial and business support services to companies and private clients across Yorkshire.

The firm was founded in 2008 following a management buyout of Mazars’ Huddersfield office and, over the course of 15 years, has cemented itself at the forefront of the regional financial sector.

Revell Ward is managed by directors Karen Borowski, Jennifer Davies and Lesley Sutton, who instructed KBS on the sale of the business as part of the firm’s long-term growth strategy.

Richard Stocks, Senior Research Analyst at KBS Corporate, managed the buyer outreach process and was excited to present the opportunity to the financial M&A space.

“Revell Ward has a strong market presence and high-quality client base,” said Richard. “It was an attractive prospect for potential acquirers as a regional firm with a one-stop shop service.

“The company generated multiple offers that presented Karen, Jennifer and Lesley with varying valuations and structures. We were in a suitable position to positively negotiate and advise on different opportunities that could fulfil their eventual exit.

“The financial M&A industry is observing increased private equity interest as major investors look to enter the market and consolidate.”

The successful offer came from DJH Mitten Clarke, an award-winning accountancy firm with offices in Stoke-on-Trent, Chester, Leeds, Manchester and Walsall.

DJH Mitten Clarke recently received backing from private equity investor Tenzing Capital, an investment specialist focused on high-growth SMEs in the UK and Europe.

The acquisition of Revell Ward facilitates DJH Mitten Clarke’s long-term vision, benefitting from the synergies presented by high-quality regional firms while enhancing the organisation’s geographical reach.

Scott Heath, CEO of DJH Mitten Clarke, said: “Our partnership with Revell Ward further strengthens our foothold in the North, ensuring clients across the region benefit from exceptional services and business advice.

“Our aim is to further solidify our commitment to developing top accountancy talent through investment in training and providing tailored solutions that empower businesses to succeed.”

Karen Borowski added: “The alignment of values between Revell Ward and DJH Mitten Clarke will ensure the seamless integration of our technology, services and teams. We’re extremely excited about the future and the opportunities that the partnership will create for both our team and our clients.

“We are proud to be Huddersfield’s trusted accountancy firm and will remain at the heart of West Yorkshire’s business community.”

Jay Singh believes the professional services market is primed for consolidation, with KBS Corporate benefitting from strong relationships with key acquirers and investors. He said of the deal: “It was a pleasure to advise Revell Ward’s shareholders and see the business pass on to a larger group that secures the long-term future of the firm.

“Whilst we generated significant interest and multiple offers, the key for this transaction and identifying DJH Mitten Clarke as the preferred bidder was to ensure that the businesses were strategically and culturally aligned, which ultimately facilitates a smooth integration process.”