M&A - Hyndland Partners

SERVICES

M&A

We advise on complex, high-stakes M&A, bringing partner-led judgment and execution to every transaction

Advisor of choice for high-stakes M&A

Hyndland Partners is the M&A advisor of choice for clients navigating complex, high-stakes transactions. We work with public companies, corporates, and private equity investors to execute acquisitions, divestitures, and exits where precision and judgment are paramount.

Our approach combines deep sector expertise, hands-on execution, and the discretion required to manage sensitive information. We are one of the few M&A advisors that clients trust to be involved in their most critical strategic decisions. Our partner-led practice frequently helps shape the direction of our clients’ businesses, advising on which sectors or business lines to enter and exit, and how best to position for long-term value creation.

Importantly, we are repeatedly selected by acquirers whose entire business models are built on M&A. These serial buyers return to us time and again for their most complex and consequential transactions, a testament to the value of our knowledge and excellence in execution.

Clients choose Hyndland Partners for clarity and confidence in moments that matter most, with value-maximising transactions that consistently outperform market benchmarks on exit multiples.

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Services

M&A Advisory

Sell-Side M&A

We work with shareholders to achieve exceptional results at exit. Our success comes from combining deep business insight with a nuanced understanding of buyer dynamics, unlocking the full value potential of each transaction:

Crafting a compelling story on the business
Identifying strategic and financial acquirers globally
Driving a competitive process to maximise outcome

Buy-Side M&A

Hyndland Partners works with experienced acquirers who treat M&A as a strategic discipline, and we also advise occasional acquirers undertaking their most significant transactions, providing the expertise and discipline needed to execute flawlessly.

Mapping out and approaching high-quality acquisition opportunities globally
Assessing strategic fit and value creation potential
Structuring proposals and financing to support growth and minimise dilution

MBOs

We advise vendors, management teams and investors on structuring and executing management buyouts. Our role is to navigate hard-to-resolve issues for all involved, aligning incentives, securing financing, and managing negotiations with senstivity:

Designing and structuring management-led transactions
Aligning incentives between management, investors, and vendors
Securing appropriate equity and debt financing

Carve-Outs

We advise public companies, corporates, and private equity investors on carve-outs and divestitures of non-core operations. Our focus is on realising the intrinsic value in these businesses, ensuring that each transaction delivers optimal value:

Structuring carve-outs to maximise value and minimise disruption
Preserving operational continuity through to transaction close
Delivering clarity, control, and value realisation throughout the process

SERVICES

The M&A Process

We advise business owners and investors on achieving premium valuations through disciplined, hands-on execution.

Strategy & Assessment

We start by understanding shareholder objectives. We then assess business fundamentals, timing, market conditions and tax considerations to design a plan that maximises value and deliverability.

Business, Financial & Tax Analysis

We analyse performance, structure, and sector dynamics to surface key value drivers, potential risks, and areas to enhance valuation ahead of market engagement.

Preparation & Positioning

We refine the equity story and prepare comprehensive materials that highlight the company’s strengths, growth potential, and strategic relevance to buyers.

Due Diligence Readiness

Before launch, we orchestrate a vendor due diligence process, addressing legal, operational, and tax issues early to ensure buyers see a well-prepared, low-risk business.

Buyer Identification

Leveraging our network of corporate and private-equity acquirers, we identify and prioritise those most likely to recognise your company’s full strategic value.

Confidential Outreach

We manage discreet, targeted engagement, building competitive tension while maintaining confidentiality and minimising business disruption.

Indicative Offers & Letter of Intent

We invite and evaluate indicative offers, assessing valuation, structure, and deliverability. Once the preferred bidder is selected, we negotiate a Letter of Intent (LOI) to define the key terms and secure deal momentum.

Negotiation & Buyer Due Diligence

We lead negotiations and manage confirmatory due diligence across commercial, legal, and tax workstreams, anticipating issues early and protecting value through to signing.

Closing & Post-Deal Support

We oversee final documentation, completion mechanics, and post-deal transition, ensuring a clean exit, seamless execution, and maximised after-tax proceeds.

EXPERTISE

Why Hyndland Partners for M&A Advisory

Choosing the right advisor determines the outcome of a transaction. We combine experience, global reach, and disciplined execution to deliver exceptional results.

Unparalleled Reach

Our global network spans more than 120 countries across corporates, private equity, sovereigns, and family offices. This breadth allows us to identify buyers with the strongest strategic fit and highest willingness to pay. Clients gain access to buyers and investors that most advisors simply cannot unlock.

Proven Track Record of Superior Returns

We consistently deliver valuations that outperform market benchmarks across sectors and cycles. Our approach blends rigorous preparation with competitive tension to surface full strategic value. The result is exit multiples that materially exceed what an average process would achieve.

Partner-Led Service

Every mandate is led by senior partners who bring the judgment, pace, and discipline required in competitive environments. Their hands-on involvement strengthens execution and consistently drives better terms and deal structures. Our partners also take the time to understand each business deeply, ensuring the advice is sharper, more contextual, and ultimately more effective.

Discretion & Confidentiality

We maintain absolute discretion across the entire process, protecting confidentiality at every step. Only the most carefully vetted parties receive access, with information shared on a strictly controlled basis. Clients rely on us because they know sensitive discussions stay contained and shared on a strictly need-to-know basis.

Hands-on Support

We run a highly involved, partner-led process. Our team works closely with management throughout the transaction, anticipating challenges early and being proactive to get them resolved. This hands-on approach minimises disruption inside the business and ensures the deal progresses smoothly and decisively.

Chartering Long-Term Partnerships

Founders, corporates, and institutional investors repeatedly trust us with their most critical decisions. We build enduring relationships grounded in proven execution ability and trust built over shared successes. Many clients view us not just as advisors, but as long-term strategic partners.

Structuring & Tax

We integrate financial, structural, and tax considerations from the outset, not as an afterthought. This ensures optimal deal design, stronger deliverability, and enhanced after-tax value for shareholders. Often tax structures must be in place for a minimum time period to achieve their intended tax effect, making early action crucial.

True Understanding

We invest early in understanding each business deeply, ensuring our advice is thoughtful, accurate and precise. Only with that level of understanding can we position a company effectively and identify which buyers will be the right fit.

PARTNERS

Who We Serve

We advise business owners, investors, and corporates on high-stakes M&A

Business Owners & Entrepreneurs

We advise founders and shareholders on achieving premium valuations. Our partner-led approach ensures disciplined preparation, value maximisation, and a seamless process from first conversation to close.

Private Equity & Investment Firms

We work with private equity investors across the full investment cycle, from executing platform acquisitions and bolt-ons to managing exits. Our insight into both buy-side and sell-side dynamics enables us to deliver clean, efficient transactions that maximise value and protect returns.

Corporations & Strategic Buyers

We advise corporates on the acquisition and divestiture of business units, helping to align the overall business with long-term strategic goals. Our insight into buyer behaviour and market dynamics ensures transactions are executed with speed, attention to detail and the interests of the client in mind.

Family-Owned Businesses

We help family shareholders plan and execute generational transitions and strategic sales. With discretion and sensitivity, we manage complex dynamics to ensure value is realised while preserving legacy and relationships.

Corporate Executives & Board Members

We work alongside senior leaders to evaluate strategic options, divest non-core operations, and deliver shareholder value through disciplined execution. Our role is to provide clarity, judgment, and discretion in moments that define the company’s future.

Active conversations with other 15,000 strategics and investors each year...

CASE STUDIES

Global Coverage. Disciplined Execution.

Our transactions reflect more than a decade of commitment to client success, driving positive transformation across global markets.

Slide to See

Delivering Proprietary Deal Flow at Scale for a Leading American Private Equity Firm

We are a long-standing partner to U.S.-based private equity firm, Boyne Capital.

Delivering Proprietary Deal Flow at Scale for a Leading American Private Equity Firm

We are a long-standing partner to Boyne Capital (“Boyne”), a U.S.-based private equity firm targeting lower middle-market deals with up to $100 million in revenue.

Our team is trusted to play a lead role advising on new platform acquisitions and supporting existing portfolio companies with corporate development. Industrials have been a core area of focus, particularly across precision manufacturing, civil engineering, and industrial services.

This ongoing mandate reflects Boyne’s confidence in our ability to deliver differentiated deal flow and counsel where sector expertise is critical to value creation.

As of July 2025, we have supported Boyne on 59 transaction opportunities.

New Harbor Capital Platform Acquisition

New Harbor Capital Partners with MD Esthetics to Drive National Growth

New Harbor Capital Platform Acquisition

We represented New Harbor Capital on its platform acquisition of MD Esthetics.

MD Esthetics is a growing medical aesthetics and wellness business with 12 locations across the US. The deal will support the founders, Dr. Michael Pedro and Danielle Pedro, who have ambitions to expand across the US.

Ed Lhee, Partner at New Harbor Capital:

“We look forward to accelerating their expansion, both organically and through future acquisitions, to solidify their position as a leader in the medical aesthetics and wellness space.”

Advising on Transformational AI Transactions

Advised on a secondary transaction for OpenAI, delivering allocation to new institutional investors.

Advising on Transformational AI Transactions

We advised a late-stage venture capital group on a highly competitive secondary opportunity in OpenAI, one of the most closely held and strategically significant companies in artificial intelligence.

Amid limited liquidity and a carefully managed cap table, we secured direct access to primary equity from existing shareholders, navigating complex transfer mechanics and governance considerations.

Our deep connectivity across private capital and limited partner ecosystems underpins our ability to originate and structure such transactions. We are trusted to manage high-profile deals in frontier markets where discretion and relationships are often more valuable than capital alone.

Advancing Space Propulsion

Advancing next-generation orbital mobility with Impulse Space’s Series C raise.

Advancing Space Propulsion

In June 2025, Impulse Space, a leader in space mobility, successfully closed a $300 million Series C round.

A select pool of institutional capital retained our team following previous successes in adjacent ‘deep tech’ markets.

As one of the largest raises for a space startup, it marked a significant step in the company’s growth trajectory, bringing total funds raised to $525 million.

Strategic Review of Recaro Automotive

Advised specialist automotive investors on the potential acquisition of Recaro.

Strategic Review of Recaro Automotive

We supported several strategic and financial investors in evaluating a potential acquisition of Recaro Automotive, a global leader in premium automotive seating systems.

The mandate involved a review of Recaro’s market position, OEM relationships, contract pipeline, and brand equity across both performance and commercial vehicle segments.

Our track record and network within the automotive sector, coupled with cross-border experience, provided efficient execution support throughout the process.

BY THE NUMBERS

We have a market-leading track record, with more deal value per partner than any other boutique advisory firm.

$100M - $2BN

Typical transaction size

$1.2TN

Combined market cap of buy-side clients

INDUSTRIES

Independent advice rooted in deep domain expertise

Our coverage is broad, with industry-focused teams combining deep market understanding, global perspective, and established relationships to deliver differentiated advice.

Aerospace, Defence and Government

Decades of transaction experience and executive-level relationships across the safeguarded aerospace, defence, and government sectors, advising clients operating in areas critical to global national security

Business Services

Our bankers have advised on hundreds of business services transactions and bring operator-level understanding and commercial insight to our clients across 9 sectors

Consumer and Education

Our Consumer & Education practice advises leading companies across consumer, retail, leisure, hospitality and education markets grounded in tangible transaction experience in over 18 countries

Finance and Insurance

Our reputation as trusted advisors to sophisticated market participants including banks, specialty lenders, asset managers, accountants and insurers is underpinned by a commitment to excellence in every aspect of our advisory work

Healthcare

Our healthcare team consists of advisory professionals with operational experience across healthcare services, life sciences, biotechnology, pharmaceuticals and medical devices

Industrials

We have advised on some of the largest domestic and international industrial transactions, supporting public and private companies with a commercial, yet deeply technical approach to structuring and delivering transactions

Infrastructure and Energy

Advising operators and investors across the infrastructure, energy, renewables, transport, and utilities sectors throughout all stages of the development lifecycle, in markets characterised by complexity, regulation, and national security considerations

Technology

We bring an operator mindset to technology advisory — informed by a track record of proprietary investments including Unsplash and Hitch, prior to their respective acquisitions by Getty and Lyft

MAXIMISING SHAREHOLDER VALUE

Outperforming Exit Multiples by 2.2x

A track record of delivering industry-leading multiples throughout market cycles

DEAL SPOTLIGHT

Industry Experience

A selection of transactions demonstrating our results-driven culture and commitment to exceptional client service

Hyndland Partners Advises Constellation Software on its Acquisition of Alpine Testing Solutions

Client

Constellation Software

Service

Buy-Side M&A

Sector

Technology

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Summary

Hyndland Partners acted as exclusive buy-side advisor to Volaris Group, an operating group of Constellation Software Inc., on its acquisition of Alpine Testing Solutions Inc. (”Alpine”).

Founded in 1991 and based in Utah, Alpine is a leading provider of psychometric consulting and test security services for credentialing and licensure programs. It helps organizations build and protect high-quality assessment programs that are fair, reliable, and defensible. The company partners with certification bodies, professional associations, and credentialing organizations to design, develop, and secure high-stakes examinations, serving clients such as Microsoft, Google, Amazon, Cisco, ESRI, and Dell.

The transaction marks Volaris’ entry into the workforce management vertical, expanding its presence into the credentialing and professional certification ecosystem.

Hyndland Partners supported Volaris throughout the acquisition process. Leveraging our deep expertise in software and technology-enabled professional services, we identified Alpine as a uniquely positioned platform with a trusted brand, durable customer relationships, and an experienced management team well aligned with Volaris’ long-term ownership model.

Mike Borello, Group Leader at Volaris Group, commented:

“Alpine Testing Solutions Inc. has built a trusted reputation in professional certification, helping organizations worldwide uphold the integrity and value of their credentialing programs”. “We are proud to welcome Alpine into Volaris Group and to support their next chapter of growth with a permanent home and long-term commitment.”

Stephen Price, CEO of Alpine Testing Solutions, added:

“We are thrilled to join Volaris Group, a company known for its proven best practices, strong commitment to developing talent, and supporting the growth of its businesses”. “Volaris’ dedication to long-term success and its collaborative approach give us the confidence that our mission to strengthen credentialing programs and protect the value of certifications for professionals will be supported.”

Hyndland Partners Advises Daxtra on Strategic Growth Investment from Strattam Capital

Client

Daxtra

Service

Sell-Side M&A

Sector

Technology

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Summary

Hyndland Partners acted as financial advisor to the Daxtra Group (“Daxtra”), a leading provider of AI-enriched talent acquisition software, in securing a majority growth investment from Strattam Capital (“Strattam”).

Daxtra, founded in 2002 by Andrei Mikheev and Steven Finch, has pioneered AI-driven software for the talent acquisition ecosystem. Its technology is mission-critical to over 2,500 clients that recruit on a global scale. Last year alone, Daxtra processed over 1 billion resumes across 40 languages. It supports customers globally via offices in Europe, North America, and Asia-Pacific.

Strattam has more than $1bn in assets under management, and most recently announced a third fund of $308 million. It typically makes majority growth investments in companies with up to $100m in enterprise value. This flagship investment in Daxtra underscores Strattam’s commitment to supporting high-growth, innovative companies. Furthermore, its track record in HR and recruitment technology positions Daxtra to capitalise on growing demand in North America.

Andrei Mikheev commented, “The investment by Strattam will allow us to accelerate growth in North America, while continuing to provide the superior customer service and great products that our customers expect.”

Jonathan Busch, Principal at Strattam Capital, added, “We’re excited to partner with Andrei and Steve to help bring their differentiated products to the wider world. Strattam’s mission is to work with great founders who have built great businesses, and the Daxtra team has proven again and again over their 20 years that advanced AI technologies can be harnessed effectively and safely to solve real world problems.”

Hyndland Partners Serves as Sell-Side Advisor in Acquisition of Greensleeves by Neighborly

Client

Greensleeves

Service

Sell-Side M&A

Sector

Consumer

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Summary

Hyndland Partners served as sell-side advisor to the shareholders of Greensleeves in their acquisition by US-based Neighborly, the multi-brand home service franchisor backed by KKR.

Greensleeves is a highly successful and fast-growing lawn service business. It was established in 1998 to provide customers with an all-year-round lawn treatment service, and now looks after more than 100,000 lawns across the UK.

David Truby joined Greensleeves in 2004, and through a series of MBOs became the majority shareholder in the business alongside his wife Laura Truby. David helped to grow the business from just two locations to over 100 franchise territories across the UK.

Neighborly is the world’s largest home services company. It owns a portfolio of over 30 home service brands across multiple sectors. This includes trusted brands such as Mr. Rooter, Drain Doctor and Pimlico. It has over 5,000 franchisees in six countries around the world.

David Truby offered the below comment on the representation provided by Hyndland Partners:

“Hyndland Partners provided exceptional service throughout the transaction. What really stood out was the management and orchestration of the bidding process, which resulted in multiple interested parties competing for the business. This helped to significantly raise the prices being offered, and gave us confidence that the true value of the business was being realised.

I was impressed by Hyndland Partners’ ability to swiftly understand the Greensleeves business, and to predict what would happen at each stage of the process. The strength of Hyndland Partners’ relationships were also extremely helpful, as well as their focus on the best outcome for employees and customers. They worked round the clock to get the deal done, and were always available to answer questions and offer advice. Their expertise in M&A and deal structuring really shone through, and we felt guided and supported at each step along the way. Their hands-on approach made a significant difference to ensuring the deal unfolded as envisaged.”

Hyndland Partners Appointed to Deploy $125m for Software Group

Client

Redacted

Service

Buy-Side M&A

Sector

Technology

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Summary

Hyndland Partners’ was recently appointed by an acquisitive North American software group to advise on the deployment of $125m before 2024.

We are targeting acquisitions of B2B software or technology-enabled businesses with the following characteristics