What's Happening?
Dains Group, backed by private equity, has acquired TBAT Innovation, a specialist consultancy in the East Midlands. This marks Dains Group's third acquisition since securing backing from IK Partners in December 2024. TBAT Innovation, founded in 2002, assists businesses in accessing tax incentives for R&D, grant funding, and innovation support. The acquisition is expected to enhance Dains Group's tax and advisory services, strengthening its ability to help clients achieve their goals. TBAT's team will continue to operate under its existing leadership, maintaining its focus on providing valuable advice across sectors such as software, health, life sciences, engineering, and AI.
Why It's Important?
The acquisition of TBAT Innovation is significant for Dains Group as it expands its capabilities in optimizing R&D claims and navigating complex innovation incentives. This move aligns with Dains Group's client-centric approach and commitment to delivering valuable advice. TBAT's expertise will open new opportunities for clients to access funding that fuels growth, providing a platform for expansion across the UK. The acquisition reflects a strategic effort to strengthen Dains Group's position in the advisory services market, enhancing its ability to support businesses in achieving sustainable growth.
Beyond the Headlines
The acquisition highlights the growing importance of R&D tax incentives and innovation support in driving business growth. As companies increasingly seek ways to optimize their operations and access funding, consultancies like TBAT play a crucial role in navigating the complexities of tax and funding landscapes. The partnership between Dains Group and TBAT Innovation underscores the value of collaboration in delivering comprehensive advisory services that meet the evolving needs of businesses.
