Dunedin-backed Hawksford buys Janus

It is understood the deal totalled £16m, comprising both equity from Dunedin and debt funding from HSBC. Hawksford's combined revenues currently stand at £20m, while profits are expected to increase by 25% following the purchase.

The acquisition will enable the company to increase the size and scope of its business by extending its geographic footprint and increasing the range of services offered. Janus's location is expected to provide Hawksford with a strong presence in the Asian markets. The total number of clients served by the combined group will increase from 1,800 to 3,300.

Dunedin sourced the acquisition for Hawksford off-market. The company's previous purchases include two Jersey-based wealth management businesses, a Swiss private legal firm and a funds company operating out of Dubai.

Company
Founded in 2009, Janus provides secretarial, accountancy and immigration services, and has experienced growth of 30% per year since inception.

Headquartered in Singapore, the company has 40 employees.

People
Investment director Oliver Bevan worked on the deal for Dunedin. David Williams is a partner at Dunedin and sits on Hawksford's board. Maxine Rawlins is chief executive officer at Hawksford. Jacqueline Low is chief operating officer at Janus.

Advisers
Company – Hogan Lovells Lee & Lee,  Alan Greenough (Legal); PwC (Financial due diligence); EY (Regulatory due diligence).

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