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KNAV Advisory Inc. Receives Strategic Minority Investment from NKSquared
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Subscribe17 SEP 2024 / M&A UPDATES
Atlanta-based accounting and business advisory firm KNAV Advisory Inc. has received a minority investment from NKSquared, the US-based investment branch of Indian billionaire Nikhil Kamath. This funding aims to support KNAV's strategic plans for acquisitions across the US and internationally, recruitment of top-tier talent, service expansion, and technological advancements.
Atlanta, GA – September 16, 2024 – Atlanta-based KNAV Advisory Inc., a rapidly expanding international accounting and business advisory firm with fiscal year 2023 net revenue of $17.3 million, has secured a minority investment from NKSquared, the U.S.-based investment arm of Indian billionaire Nikhil Kamath. This partnership marks a significant milestone in KNAV’s growth strategy and NKSquared’s inaugural investment in the professional services sector.
The initial funding tranche is part of a larger commitment from NKSquared, with the investment intended to support KNAV’s ambitious plans for acquisitions across the U.S. and internationally, recruitment of top-tier talent, service expansion, and technological advancements. KNAV, recognized among Accounting Today’s fastest-growing firms in 2022-2024 and named one of IPA's Top 300, operates under an alternative practice structure that sets it apart from traditional network models by offering a fully integrated global delivery model across its offices in the U.S., U.K., Netherlands, Canada, India, the Philippines, and Singapore.
With NKSquared’s strategic support, KNAV aims to enhance its seamless, integrated approach to client services. Kamath, known for his innovative investments and philanthropy as a signatory to the Giving Pledge, expressed enthusiasm about the new alliance, stating, “At NKSquared, we seek businesses that not only show strong growth but also drive positive change within their sectors, making KNAV an ideal partner. We believe this investment will further enhance KNAV’s ability to scale globally, providing top-tier services and setting them apart from the competition.”
Commitment to Growth and Employee Empowerment
This partnership aligns with KNAV’s long-standing goal of expanding its footprint in key markets. Recently, KNAV broadened its presence in Asia with the acquisition of Singapore-based Natarajan & Swaminathan. Additionally, KNAV launched a Long-Term Incentive Plan (LTIP) for employees, issuing Stock Appreciation Rights (SARs) to attract and retain top talent across its global locations.
CEO Nishta Sharma echoed the optimism for this collaboration, saying, “This investment will enable us to further enhance our seamless and integrated service delivery model across the globe.”
As further funding from NKSquared is anticipated in future tranches, KNAV will retain majority ownership and full strategic direction, ensuring continuity in its leadership and commitment to innovation. The firm’s approach underscores its goal of establishing itself as a global leader in delivering bespoke accounting and advisory services tailored to the evolving needs of its clients worldwide.
With this strategic backing, KNAV is well-positioned to accelerate its growth and continue to differentiate itself through service excellence and expansive global reach.
Until next time…
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