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Apiary Capital invests £10m in Shaw Gibbs

Article

Apiary Capital invests £10m in Shaw Gibbs

3 Nov 2022

2 minute read

Apiary Capital has completed a £10m investment in Oxford-headquartered Shaw Gibbs, a provider of essential accounting, tax, payroll and related advisory services to over 4,000 SMEs and high net worth individuals. The company has over 100 team members and is led by experienced industry operator, Peter O’Connell, who has been Managing Partner since 2016.

Apiary Capital invests £10m in Shaw Gibbs - news article image
  • Apiary Capital has acquired a significant equity stake in Shaw Gibbs, a leading accounting and advisory services provider with offices in Oxford and London
  • Shaw Gibbs’ management team is led by Managing Partner, Peter O’Connell
  • Apiary’s £10m investment will support the company’s ambitious growth plans 
Apiary Capital has completed a £10m investment in Oxford-headquartered Shaw Gibbs, a provider of essential accounting, tax, payroll and related advisory services to over 4,000 SMEs and high net worth individuals. The company has over 100 team members and is led by experienced industry operator, Peter O’Connell, who has been Managing Partner since 2016. 


Shaw Gibbs operates in a large and growing market that has historically been resilient throughout the cycle. In addition, the sector remains highly fragmented with over 40,000 accountancy firms in the UK. Apiary’s investment will allow Shaw Gibbs to accelerate its ambitious expansion plans through a targeted M&A programme. The investment will also facilitate the expansion of the service offering to new and existing clients. 

Shaw Gibbs is a member of DFK International, an association with 219 member firms with 467 offices across 101 countries, that was established to share best practice and to promote international expansion. 

Peter O’Connell, Managing Partner at Shaw Gibbs said: “We are very proud of the business we have built, supported by a loyal team and entrepreneurial client base, and are convinced that Shaw Gibbs is ideally placed to capitalise on the compelling consolidation opportunity in the sector. In order to achieve our ambitious growth plans, we recognised that we needed a like-minded partner to support the next chapter of our growth and I am delighted to have found that in Apiary.” 

Nicki Boyd, Partner at Apiary Capital, commented: “Peter and his team have created an enviable business underpinned by best-in-class client service and a strong culture. We are delighted to be supporting them as they now look to capitalise on the strong platform they have built through a targeted buy-and-build strategy.” Apiary Capital was advised by Osborne Clarke, Fairgrove, Dow Schofield Watts, RSM, Intechnica and Sustainable Advantage. Shaw Gibbs was advised by White & Black. 

About Apiary Capital: Apiary Capital is a UK private equity firm investing in the technology, education, healthcare and business services sectors. The firm seeks to acquire platform companies in attractive markets and supports management teams to accelerate growth through roll-ups, roll-outs and strategic acquisitions. Apiary Capital closed its first fund at £200m in June 2018. More information is available here 

About Shaw Gibbs: Shaw Gibbs is a top 100 accountancy practice, based in Summertown, Oxfordshire and Marylebone, London. With a track record spanning more than 90 years, clients are high-growth, entrepreneurial businesses and private individuals, principally across London and the South of England. It is a vibrant organisation with a passion for business and finance, investing in the latest technology and best practice, enabling it to meet its clients’ needs in the best possible way. 

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Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited

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