Wilton & Bain, a global leadership advisory boutique, has secured investment from Beechbrook Capital to fund a second management buyout, bringing 12 new Partners into the shareholding structure to support the future growth of the firm. There will also be a pool of unallocated equity for future individuals.
Founded in 2001 by entrepreneurs Jeremy Mobbs and Ben Latreuille, Wilton & Bain is a market leader providing executive search, interim management, specialist hires and leadership advisory services to organisations and investors in the technology, financial and professional services sectors.
David Heron, CEO, says, “‘It’s been quite a journey since our first MBO in 2017, transforming our group of companies into a single, aligned brand, and driving a near trebling of our value through continued growth. We are nothing without our people, and we made promises to the team during the Covid crisis that I am delighted we’ve been able to keep. All great professional services firms are built on a culture of shared ownership, and our job now is to turn Wilton & Bain into one of the greats in our sector. We fear no one, and respect everyone; values that have enabled us to challenge but maintain our humility. Feet on the ground and focussed on delivering excellent experiences to colleagues and clients alike. I’m excited by the future, and continue to be grateful to Jeremy, Ben, Piers and Beechbrook for their support and to my team for their loyalty and commitment to ‘our’ firm’.”
Adds Wilton & Bain Chairman, Piers Marmion: “Five years after Wilton & Bain’s initial MBO the Firm has trebled in size and now takes another important step towards becoming a widely held Partnership, with the support of our financial Partners Beechbrook.
This transaction endorses the resilience Wilton & Bain has shown and its rare growth prospects, recognising the capability of its enlightened management and the strength of its compelling ownership culture, as it welcomes another 12 new Partners as shareholders.
As Wilton & Bain matures, unusually it is becoming more dynamic, driven by the collective force of Partners who are now owners. Its prospects are exceptional”
Beechbrook’s finance comes from the firm’s third UK SME Credit Fund. The Fund invests in UK SMEs which do not have private equity backing.
Adam Moore, Beechbrook Investment Director, comments: “Since our original investment in May 2017, when we supported the first management buyout, Wilton & Bain has shown impressive growth. This deal will see management become the majority owners of the business and we are very excited about how this can drive the continued success of the business. We look forward to the next phase of our partnership with David, the Board, and the rest of the Wilton & Bain team.”
Wilton & Bain Secures Investment from Beechbrook Capital – Hunt Scanlon Media