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WHy NBCP?

What is NBCP Mission Statement? 

 

New Beginning Capital Partners’ (NBCP) investment strategy is to acquire privately owned accounting practices. Our acquiring criteria is assets valued between $225K to $2M, where NBCP believes ownership is more fragmented with clients seeking more tax and financial advisory-oriented services away from the traditional accounting practices; to one that utilizes more innovative software and technology.

What is NBCP Investment Thesis?

 

New Beginning Capital Partners’ (NBCP) is raising $50 Million to invest in accounting practices to capture 0.5% - 1% of the market over the next 3 – 5 year; which will yield a 30% net IRR over a 10 year period. 

Market 

The estimated revenue from accounting services in the United States reached 133.4 billion U.S. dollars in 2021, up from 127.8 billion U.S. dollars in 2020. The revenue of this sector is forecast to resume growing in 2022, reaching a value of approximately 142 billion U.S. dollars

Trends

Employment of accountants and auditors is projected to grow 7 percent from 2020 to 2030, about as fast as the average for all occupations. About 135,000 openings for accountants and auditors are projected each year, on average, over the decade

 

Companies

The payroll, bookkeeping & accounting services industry in the US is the 8th ranked Professional, Scientific and Technical Services industry by market size and the 183rd largest in the US.

Monetize Asset 

 

According to Reuters, Private equity investors are attracted to accounting firms because they believe they are low risk and recession-proof, deliver positive cash flow, and are poised for growth as the industry transitions to a more advisory-oriented service model. 

What is NBCP investment criteria?

Bookkeeping & accounting is a core part of the profitability of any business. Having access to advanced, high-quality technology can increase a company's bottom line.

  • Investment: Accounting practices

  • Purchase Price: Min. $225k 

  • Capital Raise: $25,000,000 - $50,000,000

  • Financing: Seller and/or debt financing

  • Purchase Goal: 160 practices

  • Purchase Period: Over a 5 year period.

  • Hold Period: 10 years

  • Growth Benchmark: Outperform the S&P 500

  • Exit Strategy: NBCP IPO: Depending on market conditions.

* Refer to the Private Placement Memorandum (PPM) offering. 

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