Wilton & Bain, a global leadership advisory boutique, has secured investment from Beechbrook Capital to fund a management buyout as the Group targets further domestic and international growth.
Founded in 2001 by entrepreneurs Jeremy Mobbs and Ben Latreuille, Wilton & Bain, which provides executive search, interim management/consulting and technology resourcing services, has become a market leader in the technology, professional services and converging digital markets. With offices in London, San Francisco and New York, Wilton & Bain has developed an unrivalled expertise in technology to focus on digital transformation for clients across TMT, retail, consumer, financial services, insurance and utilities.
As demand for its services is expected to grow substantially, Wilton & Bain is planning to further expand its global footprint, whilst also driving growth from its WBMS Interim Management offering and contingent services through its WBRS brand.
David Heron (currently CEO WBMS) will become Group CEO, with Mobbs and Latreuille focusing on several of the company’s key clients and taking a lead on the Group’s international expansion.
Says David Heron: “The MBO, plus an injection of growth capital, highlights just how deeply committed the management team are to the success of the business and its continued expansion. More than anything, we know that our people are key to this success and we are passionately committed to the development of young people in a high-energy and collaborative culture as the company grows.“
Adds Wilton & Bain Chairman, Piers Marmion: “It is a privilege to be associated with Wilton & Bain. This is a very special company which stands out from the crowd because of its unsurpassed drive and dedication to clients and the longevity of these client relationships. This investment is also an important validation of the quality and potential of Wilton & Bain and it will enable the business to accelerate its growth internationally.”
Beechbrook’s finance comes from the firm’s UK SME Credit Fund. The Fund invests in UK SMEs which do not have private equity backing.
Jon Herbert, Beechbrook managing director of the fund, comments: “We are delighted to support this very talented senior management team as they take partial ownership of the business which they have helped develop. Our funding will assist in developing a number of initiatives within the business, including international expansion.”
SOURCE: Wilton & Bain