Key Takeaways
- • Horizon Nexus Partners, founded in late 2025 by former PwC Australia partners Rob Silverwood and Sanjiv Jeraj and backed by BGH Capital, has crossed AUD $100 million in revenue in under 12 months, according to the Australian Financial Review (AFR).
- • The firm completed four acquisitions in less than a year: Blaze Acumen, Nexia Perth, PKF Brisbane & Townsville, and MVA Bennett's audit arm, contributing around A$70 million in revenue and 15 equity partners.
- • Horizon Nexus has recruited 53 partners and around 400 staff from PwC, Deloitte, EY and KPMG, per the AFR.
- • The firm targets a AUD $400–500 million accounting business within five years, focusing on tax, audit and deals advisory for large private businesses, wealthy individuals, families and selected corporate clients.
- • Per IFAC research cited in the article, more than 1,000 accounting firms worldwide have received private equity investment over the past decade, with PE roll-ups also expanding in India.
Summary
Horizon Nexus Partners was launched in late 2025 by former PwC partners Rob Silverwood and Sanjiv Jeraj, backed by Australian private equity firm BGH Capital. According to the Australian Financial Review (AFR), the firm has crossed AUD $100 million in revenue in less than 12 months. Silverwood left PwC in January 2025 after 26 years (13 as a partner), and Jeraj departed after 32 years (20 as a partner). Their exit was shaped partly by the PwC Australia tax leaks scandal, which became public in 2023, and their earlier work brokering the sale of PwC Australia's government consulting business to Allegro Funds, which became Scyne Advisory.
The firm has grown primarily through acquisitions: Blaze Acumen (tax and private client business in Melbourne), Nexia Perth, PKF Brisbane and Townsville, and the audit arm of MVA Bennett's. Together these contributed around A$70 million in revenue and 15 equity partners. The AFR reports the firm has also recruited 53 partners and around 400 staff from PwC, Deloitte, EY and KPMG. Its stated next target is a AUD $400–500 million accounting business within five years.
The founders are focusing on tax, audit and deals advisory for large private businesses, wealthy individuals, families and selected corporate clients, while deliberately avoiding listed-company audits, government consulting, large-scale management consulting and insolvency. They describe their aim as an enduring partnership rather than a quick sale.
The article attributes the rapid growth to two market shifts: partner fatigue at the Big Four and private equity interest in predictable accounting cash flows, recurring client relationships and acquisition-led expansion. Private equity is actively backing accounting roll-ups in the UK, Europe and the US. Citing IFAC research, the article notes more than 1,000 accounting firms worldwide have received PE investment over the past decade. In India, comparable models include KNAV, which received investments from Nikhil Kamath's NKSquared, Ascentium India (backed by Hillhouse, with seven acquisitions since 2019), and Uniqus Consultech, which raised $20 million in a Series C led by Nexus Venture Partners in April 2025.
The firm has grown primarily through acquisitions: Blaze Acumen (tax and private client business in Melbourne), Nexia Perth, PKF Brisbane and Townsville, and the audit arm of MVA Bennett's. Together these contributed around A$70 million in revenue and 15 equity partners. The AFR reports the firm has also recruited 53 partners and around 400 staff from PwC, Deloitte, EY and KPMG. Its stated next target is a AUD $400–500 million accounting business within five years.
The founders are focusing on tax, audit and deals advisory for large private businesses, wealthy individuals, families and selected corporate clients, while deliberately avoiding listed-company audits, government consulting, large-scale management consulting and insolvency. They describe their aim as an enduring partnership rather than a quick sale.
The article attributes the rapid growth to two market shifts: partner fatigue at the Big Four and private equity interest in predictable accounting cash flows, recurring client relationships and acquisition-led expansion. Private equity is actively backing accounting roll-ups in the UK, Europe and the US. Citing IFAC research, the article notes more than 1,000 accounting firms worldwide have received PE investment over the past decade. In India, comparable models include KNAV, which received investments from Nikhil Kamath's NKSquared, Ascentium India (backed by Hillhouse, with seven acquisitions since 2019), and Uniqus Consultech, which raised $20 million in a Series C led by Nexus Venture Partners in April 2025.
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