Xeinadin, the UK-based professional services group backed by private equity firm Exponent, is preparing for a sale that could exceed £800m, according to a report by The Times.

The firm has engaged Evercore to advise on the process, with the auction expected to launch in the coming weeks.

Xeinadin, formed in 2019 through the merger of over 100 accounting practices, has grown into a leading professional services platform, employing 2,000 people across more than 130 offices in the UK and Ireland. Its offerings include auditing, corporate finance, and tax advisory, primarily serving small and medium-sized enterprises.

The company has pursued an aggressive buy-and-build strategy, acquiring multiple firms to expand its national footprint. Recent acquisitions include London-based Raffingers in March 2025, JCS Accountants and Mudd Partners in April 2025, and three Haines Watts offices in late 2024.

Xeinadin’s estimated EBITDA stands at around £60m, with accounting sector valuations suggesting a multiple of up to 14 times EBITDA – potentially valuing the business at over £840m. However, some market sources have cautioned that the final sale price may come in below these expectations.

Xeinadin’s upcoming auction follows a wave of private equity activity in the sector, including the sale of Evelyn Partners’ professional services unit to Apax in 2024.

Source: The Times

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