Oxford accountancy firm Shaw Gibbs has secured a £10 million investment from Apiary Capital.
Shaw Gibbs has more than 100 team members and is led by experienced industry operator, Peter O’Connell, who has been Managing Partner since 2016.
Apiary’s investment will allow Shaw Gibbs to accelerate its ambitious expansion plans through a targeted mergers and acquisitions programme. The investment will also facilitate the expansion of the service offering to new and existing clients.
Shaw Gibbs is a member of DFK International, an association with 219 member firms with 467 offices across 101 countries, that was established to share best practice and to promote international expansion.
Peter O’Connell, Managing Partner at Shaw Gibbs said: “We are very proud of the business we have built, supported by a loyal team and entrepreneurial client base, and are convinced that Shaw Gibbs is ideally placed to capitalise on the compelling consolidation opportunity in the sector. In order to achieve our ambitious growth plans, we recognised that we needed a like-minded partner to support the next chapter of our growth and I am delighted to have found that in Apiary.”
Nicki Boyd, Partner at Apiary Capital, commented: “Peter and his team have created an enviable business underpinned by best-in-class client service and a strong culture. We are delighted to be supporting them as they now look to capitalise on the strong platform they have built through a targeted buy-and-build strategy.”
Apiary Capital was advised by Osborne Clarke, Fairgrove, Dow Schofield Watts, RSM, Intechnica and Sustainable Advantage. Shaw Gibbs was advised by White & Black.
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