PORTFOLIO — financial SERVICES

BK Plus

Provider of accounting & business advisory services to SMEs and OMBs.

VIEW WEBSITE

Key Facts

Initial investment: 28/09/2023

Sector – Financial Services

Fund — Buyout Fund IV

Status — Current

Investment Highlights

  • Supported the continuation of the team’s successful buy and build strategy by acquiring a number of regional practices to create a group of national scale
  • Expanded the business through a buy and build strategy, completing over 35 acquisitions, and targeted hiring of specialists to broaden service offering
  • Invested in technology to enhance client data capture and analysis to drive strategic cross-sell and improve efficiency of back-office functions

Partnership Motivation

We are excited to back such an experienced and ambitious team, particularly in terms of their ability to scale an accountancy group via acquisition and organic growth. BK Plus’s focus on client service to the SME market via a regional model also means they are well-positioned to provide the support required to existing and new clients.

Shaun Knight, CEO of BK Plus

Shaun came from a Banking background before moving into Corporate Finance and leading a top 10 accountancy firm as the COO. He has over 20 years’ experience advising owners and managers on buying and selling businesses, raising finance, strategic planning, business restructuring, and conducting buy-outs.

“We are delighted to be partnering with Palatine, who we chose as they shared our ambition, philosophy, values and passion to deliver high-quality professional services to the SME sector – delivering locally, to local businesses, by local people with the support of the wider infrastructure.

There is an unprecedented opportunity within the accounting sector to acquire with like-minded firms across the country. Our growth to date demonstrates this, along with a significant pipeline of opportunity. Localness is the key to our core principles; this mirrors Palatine’s structure and is key to our decision in choosing them.”

Shaun Knight
CEO – BK Plus

Investment Team