EKN Horizons is delighted to announce completion of an investment in Sumer Limited in association with Penta Capital Partners.

Sumer Limited represents a growth venture focused on the accountancy industry, with expansion based around the spoke and hub model. The company has already secured a number of hub practices in England and has a well-developed pipeline of further acquisitions in preparation.

Penta Capital was established in 1999 and is owned and managed by its partners who make all investment decisions. Penta enjoys a collegiate culture and a consistent appetite for risk. These factors combined with over 100 years investment experience of investing in the UK mid-market have produced industry leading investment returns. Penta strives for continually superior returns to their investors through the creation and realisation of a diversified portfolio of high-quality private equity investments.

Commenting of the relationship between Penta and EKN Horizons and the Sumer acquisition, Jason Harvie, Investment Director at Penta commented, ‘we are delighted to welcome EKN Horizons to our family of co-investors. Through our shared enthusiasm for the future of Sumer Limited,  we look forward to helping them with the development of their investment portfolio. Penta’s independence allows us to operate out with the strictures that have evolved within the sector, and we pride ourselves on delivering creative and innovative solutions within the constantly changing private equity landscape. I feel sure the Sumer Limited is only the start of our relationship with the Eakin Family which we hope will endure long not the future