Xeinadin prepares for potential £800m sale to private equity

Xeinadin Group, the fast-growing UK professional services network, is reportedly preparing for a private equity sale that could exceed £800m, according to The Times.

Backed by private equity firm Exponent, Xeinadin has enlisted advisers from Evercore to run the auction process, which is expected to begin in the coming weeks.

The move comes after a sustained period of acquisition-driven expansion that has seen the firm rapidly scale across the UK and Ireland.

Founded in 2019 through the consolidation of more than 100 accountancy firms, Xeinadin now operates across over 130 offices and employs around 2,000 people. The firm primarily serves SMEs, offering services across audit, tax, and corporate finance.

Sources cited by The Times said the group’s EBITDA is approximately £60m. Based on recent valuations in the sector, accounting networks can command earnings multiples as high as 14x, which would place Xeinadin’s potential sale value at over £840m.

However, others have reportedly suggested that the final deal value may fall below that threshold.

The firm’s recent M&A activity includes the acquisition of JCS Accountants and Mudd Partners in April, following its March purchase of London-based Raffingers and the acquisition of three Haines Watts offices late last year.

These deals are part of a broader consolidation strategy that has defined Xeinadin’s trajectory since inception.

The sale would mark the latest in a line of private equity moves within the accountancy space.

Last November, Evelyn Partners sold its Professional Services arm to funds advised by Apax, reflecting increased appetite among investors for scalable, tech-enabled accountancy platforms with recurring revenue streams.

Xeinadin has not commented publicly on the reported sale process.