2 MIN READ
After many months of planning, we’re delighted to announce that we’ve just partnered with Waterland Private Equity. Some of you may have seen it in the national press.
In true CP style, this means we’ll turbocharge our disruption of the UK accountancy market and lay the platform for international expansion.
Let’s be honest, we’ve always been ambitious. And now we have investment from Waterland we’re targeting five-fold growth in the next five years. We’ll do this through a combination of organic growth and key acquisitions.
This partnership further strengthens the aspects of CP that set us apart from our competition (and made us attractive to Waterland in the first place). Things like our client-first approach, positive culture, brilliant people and a rebellious attitude.
Waterland’s substantial investment will help us accelerate our use of technology. As ever, we’ll continue to focus on our client experience. We’re also going to drive growth across new and existing opportunities and markets.
But what does this mean to our clients and people?
Well, only good things because day-to-day, it’s award-winning business as usual.
The full Leadership team is still headed by our CEO, Ade Cheatham, all 42 Partners remain in place and the full team’s 100% committed to the business.
The fit with Waterland works a treat too. They specialise in enabling entrepreneurial businesses to expand in their home markets and across Europe. Other professional services businesses recently backed by Waterland include Moore Belgium, the mid-market accountancy business, Horn & Company, Sideshow Group and IMC Group.
Under the terms of the deal, which remain subject to regulatory approvals, Waterland will become a a significant shareholder with the CP Partners retaining a substantial equity stake.
Talking about the deal, our CEO Ade Cheatham, said: “In life, there are big days. Personal. Professional. And then there are days that are so mind-bendingly massive that it takes a while to pick your jaw off the floor. Today is one of those days.
With Waterland on board, we can supercharge our growth and expansion across the UK and internationally. They have a strong track record of supporting ambitious advisory firms like ours and their pan-European presence will prove invaluable as we progress on our journey. Critically, they ‘get’ our unique culture and alternative approach to traditional accountancy services. Right from the get-go, they’ve consistently supported and endorsed our disruptive and entrepreneurial spirit. Our ambitious target is five fold growth by 2027.
Latest results, just released, have delivered 33% YOY growth The next five years are going to be tremendously exciting for everyone involved, that’s for sure.”
Dominic Graham, Investment Director at Waterland Private Equity added: “We are delighted to Partner with Cooper Parry – there was a meeting of minds from our first interaction with Ade and the Cooper Parry team. Cooper Parry is clearly differentiated in a crowded market and well-placed to take advantage of continued structural change driven by regulatory change and client demands. We love Cooper Parry’s unique approach to people, which has resulted in a strong entrepreneurial culture and market leading employee and client satisfaction. Our partnership will help Cooper Parry do more for its people and clients.”
At CP, we share a vision to grow five fold in five years. This deal will help turn the vision into awesome reality.
Without compromising anything.
Or changing what our clients and people love most.
So, it’s business as usual.
Just cranked up a whole load of notches.
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