Wilton & Bain finalises management buy-out
Executive search and interim management specialist Wilton & Bain has completed a management buy-out.
In a statement this week, the group revealed it has secured an undisclosed sum in investment from debt and equity capital provider Beechbrook Capital to fund the MBO as it seeks to grow the business in the UK and internationally.
Founded in 2001 by entrepreneurs Jeremy Mobbs and Ben Latreuille, the firm provides executive search, interim management/consulting and technology resourcing services in the technology, professional services and converging digital sectors from offices in London, San Francisco and New York.
The MBO sees David Heron, current CEO of WBMS, the group’s interim management business, become group CEO, while Mobbs and Latreuille will focus on several of the company’s key clients leading planned international expansion.
Commenting further on what the MBO means for the business, group chairman Piers Marmion told Recruiter that that international expansion will help clients expand their international operations with the group staying as “bricks-and-mortar” light as it can.
“Wilton & Bain’s London centre of operations is already an international hub; typically more than 60% of our work is generated or executed outside the UK, with a strong emphasis in continental Europe and working with transatlantic clients in collaboration with our US team.
As the W&B team is borderless, we match the right expertise to our client requirements irrespective of geography, and we're not going to develop lots of geographic cells, because this would cut across our ability to be responsive and collaborative.
“However, having already put down physical roots in the US, we plan to strengthen these operations and continue to invest in supporting our clients fulfil their international ambitions, but staying as bricks and mortar light as we can.
Central to our strategy is the continued expansion and increased integration of our offerings across the WBRS and WBMS [the group’s technology recruitment business] brands, providing a complimentary suite of services all dedicated to digital and technology-enabled transformation.”
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