AnaCap, a prominent private equity investor focused on the European financial ecosystem, has signed an agreement to acquire a majority stake in DK Accountants & Adviseurs, a leading Dutch accountancy services provider. This marks AnaCap's first investment in the Netherlands and is part of its latest flagship fund.

Founded in 1989, DK is an independent, full-service accountancy and advisory firm that offers a range of services including accounting, tax, payroll, advisory, and audit services to small and medium-sized enterprises (SMEs). The company has expanded from a single office to 12 locations across the Netherlands, demonstrating significant growth driven by a capable management team.

The Dutch accounting and audit market is experiencing steady growth, characterized by fragmentation that presents opportunities for consolidation. Since 2019, DK has completed eight acquisitions, integrating these businesses effectively while investing in its IT platform to enhance scalability. With AnaCap's investment, DK plans to further consolidate the market and pursue above-market organic growth.

The management team, led by Founder and CEO Alber De Koning, will continue to guide DK, ensuring continuity and leveraging their industry expertise. AnaCap's investment will accelerate DK's mergers and acquisitions (M&A) strategy, drawing on AnaCap's experience in executing successful buy-and-build strategies in Europe.

The partnership aims to drive operational efficiencies, expand service offerings, and enhance client value through technology and innovation. The transaction is subject to customary closing conditions, including regulatory approval for DK's audit operations.

Nassim Cherchali, Managing Partner at AnaCap, expressed enthusiasm for the investment, highlighting DK's potential in a growing market with opportunities for future M&A activity. He noted DK's strong revenue profile and client loyalty, which align with AnaCap's investment philosophy.

Nicholas Montoute, Investment Director at AnaCap, emphasized the commitment to partnering with ambitious management teams to support their growth ambitions. He expressed excitement about working with DK's team and welcoming them to the AnaCap platform.

Alber De Koning, CEO of DK, shared his excitement about the partnership, noting that AnaCap's strategic vision and operational expertise align with DK's growth objectives. He believes this collaboration will provide the necessary resources to enhance value for their clients.

Overall, this acquisition positions DK for significant growth in the fragmented Dutch accountancy market, leveraging AnaCap's support to achieve its strategic goals.