N4 Partners takes majority stake in Opulus Financial

N4 Partners takes majority stake in Opulus Financial

Pictured (L-R): N4 Partners Allan Dowdie, Keith Gibson, Shauna Powell, and Keith Mitchell

N4 Partners has completed a further seven-figure investment to become the majority shareholder of accounting, tax and audit firm Opulus Financial.

Opulus has grown rapidly 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.

With this investment, Allan Dowie from N4 will assume the role of CEO as Opulus continues its expansion plans across the country. The firm aims to increase its 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.

Mr Dowie said: “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.”

Mr 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 now has offices in Glasgow, Edinburgh, Kilmarnock, East Kilbride, Motherwell, Saltcoats, Oban and Manchester.

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