“Affinia is extremely proud to be a business anchored in purpose – delivering for our clients, colleagues and the communities we serve. Thank you to the team at Sovereign Capital for their invaluable support in helping us build the fastest growing fully integrated accounting platform in the UK. Partnering with RedBird marks an exciting new chapter as we accelerate our growth strategy, deploy technology to enhance the client experience and make our platform even more appealing to future partner firms aligned with our vision.”
Affinia takes the next step in growth journey with RedBird Capital Partners
We are delighted to announce that as part of our continued growth plans, we have reached an agreement to partner with RedBird Capital Partners (“RedBird”) marking the beginning of an exciting new chapter for Affinia.
Read the full release here.
Mike Zabik, Partner of RedBird, said: “We look forward to working with Affinia to capture the considerable opportunity in the fragmented accounting space. Affinia has demonstrated strong momentum and clear differentiation within the UK market, and with the support of the RedBird platform, we see a definitive pathway for Affinia to set a new industry standard for innovation and execution through the deployment of AI and other initiatives across the company.”
The transaction is subject to regulatory approval and is expected to close in the next few months.
Darren Redmayne, Group CEO of Affinia, said:
Alex Hay, Partner at Sovereign Capital Partners, said:
“It has been a pleasure to work with the team at Affinia over the last three years to create an emerging leader in the UK accounting services market. Our success to date is a powerful demonstration of Sovereign’s Buy & Build strategy in action. We are proud of what has been accomplished and we wish the Affinia team all the best for their next chapter with RedBird.”