Kea Consultants announce MBO
Kea Consultants has completed a management buy-out.
Co-founder Caroline Sage has acquired the majority of Kea Consultants’ shares from the company’s other co-founder Hephzi Nicol.
As part of the deal COO and head of research, Cassandra Goodwin, has bought a small equity stake in the executive search business.
Established by Sage and Nicol in 2009, Kea Consultants places junior to mid-senior investment professionals into private equity, venture capital firms, hedge funds, sovereign wealth funds and family offices across the world.
With a growing team operating from its offices in Holborn, central London, Kea Consultants has become one of the leading recruitment companies operating in its field. As a result of the MBO, Nicol will exit from the business with Sage and Goodwin leading the consultancy’s management team on a programme of strategic growth.
Sage said, “The strategy Hephzi and I put in place to establish and grow the business has been very successful and created a solid platform for the future, it has been fantastic to work with her over the last six and a half years. I am now very excited to continue this growth with an exceptional team in place and I feel we are in the strongest position to date to continue providing the highest service to our clients.”
Nichol said, “I am very proud of what we have achieved at Kea Consultants and I am confident the business will go from strength to strength under the stewardship of Caroline and Cassandra.”
Ryecroft Glenton Corporate Finance advised on the deal.
The Newcastle-upon-Tyne-based corporate finance advisors has worked alongside Kea Consultants for more than four years.
Carl Swansbury, partner at Ryecroft Glenton, led the advisory team for Ms Nicol, supported by legal advisor Nik Tunley, partner at Stockton-On-Tees-based Endeavour Partnership. The purchasers were advised by Peter Coats from RLB Law and Trevor Lake at LB Corporate Finance. Finance for the Management Buy Out was provided by ABN Amro.
Swansbury said, “We are delighted to have advised on this transaction, along with Nik Tunley of Endeavour Partnership, given the reputation of our client’s business within its sector. This transaction further highlights our experience and expertise in advising businesses in the recruitment and staffing sector.”