Jamieson is pleased to announce that it has advised the management team of Affinia as it partners with RedBird Capital Partners (“RedBird”) to support the next phase of its growth.
Affinia is a rapidly growing and fully integrated UK-based accounting services platform. The transaction marks the expansion of RedBird’s growing financial services portfolio, as well as the exit of current Affinia investor Sovereign Capital Partners. As part of RedBird, Affinia’s senior management team will benefit from the firm’s extensive capital resources and deep industry expertise to drive further execution of Affinia’s growth strategy. In the near term, Affinia will focus on investing in additional talent and capitalizing on expansion opportunities in the UK accounting space, through both targeted acquisitions and organic business development. Affinia will also work with RedBird X, the firm’s proprietary artificial intelligence platform, to spearhead the responsible implementation of AI tools across core business workflows, supporting streamlined operations and further improving both the client and colleague experience. Affinia’s purpose-led, purpose-built platform specializes in servicing small and medium-sized businesses. The company has capitalized on growing demand for streamlined solutions to drive accretive growth and successfully integrated 15 like-minded firms to date, most recently adding three practices of UHY Hacker Young.
„The Jamieson team have been an outstanding partner for Management in supporting us secure a fantastic future equity sponsor for Affinia in RedBird Capital. They worked collaboratively alongside us, Sovereign, RedBird and the other key advisers on this critical transaction to help deliver a great outcome for all stakeholders. By helping us thoughtfully plan alongside our debt refinancing we were able to move swiftly when the opportunity arose to partner with RedBird to take the business forwards including working with RedBird X on responsible use of AI in the accounting space.“ Darren Redmayce, CEO.
Stuart Coventry, David Kirkpatrick, Kenny Brodie and Alfie Blundell advised the management team of Affinia on the terms of their continued shareholding in the group.
