Sovereign Capital Adds Two U.K. Accounting Firms to Domain
September 24, 2014
Sovereign Capital has announced investments in SJD Accountancy and Nixon Williams, a combined transaction worth a total of £100 million ($164 million). The businesses will work together to form the largest provider of accounting services to the U.K.’s contractor and SME markets. They will, however, continue to operate independently under their respective brands within the new structure. Founded in 1992, SJD has over 14,000 clients in the contractor accounting market. Nixon Williams, established three years later, has over 4,000 clients in the IT contractor market. BlueBay provided debt financing.