New beginnings for Serocor in MBO by trio

Three members of the management team of STEM recruiter Serocor have completed a buy-out of the group, according to a company statement.

Supported by specialist asset-based lender Breal-Zeta CF and advised by law firm Moore Barlow, the deal enables the new management team of Leon Howgill, Shaun Pope and David Wilson to take control of the Portsmouth-based organisation and set “a fresh strategic direction for the business”, the statement said. 

One of the Serocor brands, Hawker Chase, has left the group under the MBO, along with its managing director, Simon Vaughan-Edwards. He will continue as MD of the executive search and solutions firm specialising in defence, cybersecurity, engineering and manufacturing.

Mike Gawthorne, who first was group MD of Serocor brand Advanced Resource Management Group and then Serocor’s CEO, has also left the business. His LinkedIn profile said Gawthorne was “now available to offer my experience to companies who have ambition and high integrity. Active investor, adviser and consultant to companies I can add value to”. He also said he would be supporting the Hawker Chase business initially.

Financial and tax advice was provided by PKF Francis Clark. The principal sellers were represented by Geldards and Crowell & Moring acted for Breal-Zeta CF.

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