June 10, 2022

Barings Supports Xeinadin, a Portfolio Company of Exponent Private Equity

Barings announces its role as sole lender of secured credit facilities to Xeinadin Group (“Xeinadin”), a portfolio company of Exponent Private Equity (“Exponent”).

Exponent recently commenced its significant partnership with Xeinadin, one of the leading networks of business advisory and accountancy practices in the UK and Ireland. Across more than 100 locations, Xeinadin provides more than 40 service lines to a base of more than 50,000 clients, predominately small and medium sized businesses and their owner-managers.

Xeinadin has more than 1,500 employees across the UK and Ireland, and is one of the professional services market’s leading disruptors and consolidators, with annual revenues of over £100 million in its latest financial year.

The partnership with Exponent will support the Group’s ambitions to grow significantly, both organically and through acquisitions, and allow it to make further investments in innovative data-driven technologies to help drive efficiencies and improve the quality, breadth and delivery of services to its clients.

Barings acted as the sole lender to Xeinadin and Exponent, providing senior facilities across the capital structure as well as becoming an equity co-investor.

Joseph Buckley, Managing Director at Barings: “We are very pleased to support Exponent and the Xeinadin management team on this transaction. The Group is strategically positioned as a consolidator of choice in a highly fragmented market and we look forward to supporting the continued growth of the Group going forward.”

Dominic Clark, Principal at Exponent: “We look forward to working with the Xeinadin management team on this exciting opportunity. The professional services market in the UK and Ireland provides a unique consolidation opportunity and clear pathway for growth so partnering with Barings who could provide a highly flexible and bespoke financing package to support us on this journey was key.”

About Barings
Barings is a $371+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.

*Assets under management as of March 31, 2022

Important Information

The document is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This document is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy, and must not be construed as a projection or prediction.

In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved and before making any investment decision, it is recommended that prospective investors seek independent investment, legal, tax, accounting or other professional advice as appropriate.

Unless otherwise mentioned, the views contained in this document are those of Barings. These views are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. Individual portfolio management teams may hold different views than the views expressed herein and may make different investment decisions for different clients. Parts of this document may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this document is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information.

This document is issued in Australia by Barings Australia Pty Ltd.