N4 Partners (N4) is delighted to complete a further seven figure investment into Opulus Financial (Opulus) to become the majority shareholder of the business. Opulus is now one of Scotland’s leading independent specialist accounting, tax and audit firms, achieved through a series of acquisitions since its inception in 2021, including Wylie & Bisset, George & Co, John Kerr & Co, Alexander Marshal, Nicolson’s Accountancy and Craig Cleland.
This latest development will see N4’s Allan Dowie become CEO as the firm continues its growth plans for expansion across the country and planned investment to increase headcount by over 15% in the coming months.
Alongside this, N4’s Keith Gibson will also be tasked in the interim period of establishing a corporate finance function to service SMEs and entrepreneurs throughout Scotland and the UK.
Alan Dowie, Opulus’ new CEO, commented: “We’re incredibly excited to become the majority shareholder of Opulus. We wanted to increase our position in the business because we recognise the enormous potential, based on the current platform and management team, to expand the business further with a number of exciting acquisitions on the horizon.”
Keith Gibson, Opulus’ Interim Corporate Finance Partner, added: “I’m excited at the prospect of working with the team to create a corporate finance function which offers the required support for SMEs and entrepreneurs across the country. We are confident that Opulus can become a leading corporate finance partner in Scotland and I look forward to bringing this vision to fruition.”
Employing over 170 employees, Opulus currently has offices in Glasgow, Edinburgh, Kilmarnock, East Kilbride, Motherwell, Saltcoats, Oban and Manchester. Further announcements are planned in the coming weeks.
